Alger Selected by Greater Orlando Aviation Authority

Feb. 4, 2010

NEW YORK, Feb. 4 /PRNewswire/ -- Fred Alger Management, Inc. is pleased to announce that the Greater Orlando Aviation Authority (GOAA) has awarded Alger a Large Cap Growth mandate. The portfolio will be managed by Patrick Kelly, CFA, Executive Vice President and Portfolio Manager, along with the team of nearly 30 investment professionals at Alger. Alger's Portfolio Managers and Analysts utilize the time-tested philosophy of investing in companies undergoing Positive Dynamic Change, which has been in place since Alger was founded 45 years ago.

"We are pleased to have been appointed by the Greater Orlando Aviation Authority," said Dan Chung, CEO. "We value the trust the GOAA has placed with Alger in managing their retirement assets and welcome them to our distinguished list of institutional clients. Our continued success is an indication of the commitment Alger has made to the Institutional marketplace, the quality of our investment process and the deeply committed team of Alger investment professionals."

GOAA manages the Orlando International airport and the Orlando Executive airport. The company administers aviation activities of the City of Orlando, and provides means to serve the public interest through the coordination of the planning, financing, construction, and operation of aviation facilities at Orlando International and Orlando Executive airports. GOAA was founded in 1975 and is based in Orlando, Florida.

About Alger:

Fred Alger Management, Inc. was founded in 1964 and currently manages more than $11 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 mutual funds and to retail investors through Alger mutual. 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

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SOURCE Fred Alger Management, Inc.