Fred Alger has promoted Dan Chung from chief investment officer and director of research to president. Chung joined the firm in 1994 as chief technology analyst. He became CIO on Sept. 11, 2001.

"Dan has done a remarkable job managing our investment team and process, through not only a difficult stock market but our firm's tragic losses on Sept. 11," said Fred Alger, founder, chairman and chief executive officer of Fred Alger.

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