Alger announced the launch of the Alger Russell Innovation ETF (Ticker: INVN), a fully transparent ETF that provides investors with a systematic approach to investing in innovation.
Alger announced the launch of two high-conviction portfolios. Both strategies are available as ETFs, mutual funds, and separate accounts.
Alger announced that George Ortega has been promoted to Portfolio Manager, and he has been added as a Portfolio Manager to the Alger Dynamic Return, Alger Dynamic Opportunities and Alger 35 strategies.
Alger has announced that it has agreed to acquire Massachusetts-based Redwood Investments, LLC, a specialized global growth equity manager with over $1.6 billion in assets under management.