Matthew Klimek Joins Alger as Vice President, Director Regional Marketing Associates

Matthew Klimek Joins Alger as Vice President, Director Regional Marketing
Associates

NEW YORK, May 11 /PRNewswire/ -- Fred Alger Management, Inc. ("Alger"), a
leading asset management firm, today announced the hiring of Matthew Klimek as
Vice President, Director of Regional Marketing Associates for Alger. In his
new role, Mr. Klimek will be responsible for the coaching, motivating and
productivity of our internal sales force. He will also be an intricate part
of Alger's effort to service and expand existing relationships as well as
develop new relationships with financial advisers across the country.

Matt's 15 years of experience in the industry include, most recently, his
position as Supervisor, Internal Sales with Franklin Templeton Distributors,
Inc. and prior to that Director of Financial Services at Farmers Financial and
Insurance Group.

Liz Clapp, Senior Vice President and National Sales Manager for Alger, said,
"We are pleased to have Matt join our organization. His extensive experience
leading a sales team will be invaluable to us as we continue to refine our
internal sales organization."

Matt currently resides in New York.

About Fred Alger Management

Founded in 1964, Fred Alger Management, Inc. is a leading asset management
firm managing more than $8 billion. Alger's philosophy is focused on investing
in companies undergoing Positive Dynamic Change, which we believe offer the
best investment opportunities. Alger offers investment products to retail and
institutional investors through Alger mutual funds and separately managed
accounts. For more information, please visit www.alger.com.

SOURCE Fred Alger Management, Inc.

James Doyle for Fred Alger Management, Inc., +1-703-894-1061; or Doreen
Galante of Fred Alger Management, Inc., +1-212-806-8827