{"id":40102,"date":"2015-02-12T08:32:54","date_gmt":"2015-02-12T07:32:54","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/la-francaise-partners-with-alger\/"},"modified":"2015-02-12T08:32:54","modified_gmt":"2015-02-12T07:32:54","slug":"la-francaise-partners-with-alger","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/la-francaise-partners-with-alger\/","title":{"rendered":"La Fran\u00e7aise Partners with Alger"},"content":{"rendered":"<p><strong>La Fran\u00e7aise will take a 49.9% interest in Alger, an affiliate of Fred Alger Management, Inc., a U.S. asset management firm. Two executives of La Fran\u00e7aise will sit on the newly appointed five member Board of Alger.<\/strong><\/p>\n<p>This alliance offers a unique opportunity to create synergies in distribution, market development, and product diversification. La Fran\u00e7aise, through its European network and with the support of its<br \/>\nmajority shareholder, Credit Mutuel Nord Europe, will provide distribution capabilities and<br \/>\nacceleration capital, and Fred Alger Management, Inc. will contribute its recognized expertise in<br \/>\ngrowth equities.<\/p>\n<p>For more than 50 years Fred Alger Management, Inc. has been considered a globally recognized<br \/>\npioneer of growth style investment management, focusing primarily on U.S. equities with additional<br \/>\ncapabilities in international and alternative equities. It has a long-standing track record and has been<br \/>\nrecognized numerous times in Europe as a Lipper Funds Awards winner. Fred Alger Management, Inc.<br \/>\nmanages approximately $22.4 billion (31\/12\/2014). Its investment philosophy, in place since its<br \/>\nfounding in 1964, seeks to identify the best investment opportunities for clients by focusing on<br \/>\ncompanies undergoing \u201cPositive Dynamic Change.\u201d This philosophy, and its analyst-driven investment<br \/>\nprocess, is built on original, fundamental, bottom-up research provided by more than a 40 person<br \/>\ninvestment team.<\/p>\n<p>Patrick Rivi\u00e8re, Chairman of La Fran\u00e7aise says, <em>\u201cWe pride ourselves in bringing institutional quality<br \/>\ninvestment solutions within everyone\u2019s reach. Together, with Alger, we\u2019ll be developing new markets<br \/>\nand building on its well-merited reputation among American retail and institutional investors as a<br \/>\nhigh-standing and innovative asset manager. These past three years of intensive international<br \/>\ndevelopment have led to this ultimate partnership, completing our now established equities<br \/>\nexpertise.\u201d<\/em><\/p>\n<p><em>\u201cEstablishing this relationship with La Fran\u00e7aise is another step we are taking to build our presence<br \/>\noutside the U.S.,\u201d<\/em> said Dan Chung, CEO and Chief Investment Officer of Fred Alger Management. <em>\u201cLa<br \/>\nFran\u00e7aise is one of the leading asset managers in Europe, and I am quite pleased that Alger will be<br \/>\nworking together with La Fran\u00e7aise to provide expertise in U.S. equities as we build this partnership.\u201d <\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>La Fran\u00e7aise, an international multi-class asset manager, announces the signing of a strategic<br \/>\npartnership (pending regulatory approval) with Alger Management, Ltd. (\u201cAlger\u201d). <\/p>\n","protected":false},"author":20,"featured_media":40100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1663,1655,1651,2007,1846],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/40102"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=40102"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/40102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/40100"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=40102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=40102"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=40102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}