More than a month after the Sept. 11 terrorist attacks, firms whose offices were destroyed are still dealing with the relocation process. This month both OppenheimerFunds and Fred Alger Management, investment managers that were actually located in the towers, announced that they have signed leases elsewhere in Manhattan and are planning to move displaced employees in to the new offices soon.
OppenheimerFunds had 598 employees working in Two World Trade Center, all of whom survived. The firm has signed a lease for office space at 498 Seventh Avenue in Midtown Manhattan, which is where the displaced employees will relocate, according to a company spokesman. The company expects to open that office by the end of the year.