Alger Selected by Navajo Nation

NEW YORK, Jan. 7 /PRNewswire/ -- Fred Alger Management, Inc. is pleased to announce that The Navajo Nation has awarded Alger two SMid Cap Growth mandates. The portfolios will be managed by Jill Greenwald, CFA and Executive Vice President, Portfolio Manager at Alger. Jill has over 23 years of industry experience and has managed the SMid strategy since its inception at Alger in 2002.

"We are delighted Alger has been appointed as a manager for both the Navajo Nation Permanent Fund and the Navajo Nation Retirement Plan," said Dan Chung, CEO. "We appreciate The Navajo Nation entrusting their assets to our firm and welcome them to our expanding list of institutional clients."

About Navajo:

The Navajo Nation extends into the states of Utah, Arizona and New Mexico, covering over 27,000 square miles of unparalleled beauty. Dine Bikeyah, or Navajoland, is larger than 10 of the 50 states in America. Today, the Navajo Nation is striving to sustain a viable economy for an ever increasing population that now surpasses 250,000.

About Alger:

Fred Alger Management, Inc. was founded in 1964 and manages more than $12 billion. Alger's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Alger investment strategies are available to institutional investors through separate accounts and to retail investors through Alger mutual funds and separately managed accounts. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc. offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit www.alger.com.

SOURCE Fred Alger Management, Inc.