Alger to Donate 1% of Fees From Green Fund

Published November 18, 2008, 4:18 p.m. EST

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Fred Alger Management has pledged to donate 1% of the management fees it collects on the Alger Green Fund to the non-profit 1% For the Planet group, which will, in turn, pass the money along to environmental organizations around the world.

Alger is the first mutual fund company to join the organization.

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