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05/05/2007

Alger's Karabell finding compelling China stories in US

The chief economist and portfolio manager at Alger in New York is taking an indirect route to Chinese growth. Zachary Karabell, who manages the Alger China-US Growth fund along with Dan C. Chung, thinks that China is becoming a - `global stockpicker's` market as the firm's research team scours the world, but particularly the US, for companies benefiting from its development.
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04/03/2007

What It Means to Be Green

You wouldn't expect to find Valero, the nation's largest oil refiner, among the holdings of an environmentally conscious "green" fund. Such funds tend to avoid energy and mining companies because they pollute. But Valero, along with Diamond Offshore Drilling and mining giant Freeport-McMoRan Copper & Gold were all recent holdings of Spectra Green, the newest addition to the Alger fund lineup.
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10/09/2007

Why the Subprime Fiasco Won't Derail the Economy

How bad is it? How much harm will be done to the overall economy? Those are the questions on everyone's lips about the subprime mortgage crisis. What are the answers? Fred Alger Management Inc., a Boston-based investment firm and mutual fund family, looks at the crisis as two breakdowns that occurred at the same time: the collapse of the housing market and the "unwinding of the financial bubble that formed around the housing market because of mortgage-backed securities and their derivatives."
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04/11/2007

Spectra Green Fund Offers a Different Shade of Green

With more and more companies thinking about the environment and green technologies, asset manager Fred Alger Management and the Spectra Green Fund, its green mutual fund, are challenging notions about what type of companies and industries green funds should invest in. Spectra Green Fund is pushing for the inclusion of companies across all industries that are seriously committed to making their businesses greener.
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