Less than a month after the Sept. 11 terrorist attacks destroyed its offices in the World Trade Center and claimed the lives of 38 of its employees, Fred Alger Management announced yesterday that it will keep its headquarters in Manhattan.

"New York City is the world’s financial capital, and has been for decades," said Fred Alger, the firm’s CEO who came out of retirement to assume leadership of the firm after his brother David was killed in the attacks. "There is no question in my mind that New York will recover from the recent terrorist attacks, and will continue and enhance its role as the world’s financial capital. For that reason it now makes sense for us to return."

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