In an effort to expand its “investment abilities in international equity markets”, Fred Alger Management has hired a team of experts from Allianz Global Investors, the New York-based firm announced Tuesday.

The group includes Pedro Marcal, who was most recently an international portfolio manager for EAFE core growth/Pacific Rim investments at Allianz. Marcal, who has 24 years of investment experience, helped develop many of Allianz’s emerging markets products. He joins Fred Alger as a senior VP and portfolio manager.

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