The investment community both shuddered and grieved when it lost David Alger and 38 investment professionals from Fred Alger Management on Sept 11. Nevertheless, even before the dust settled, the day-to-day business of managing money and the firm's long-term viability had to be considered by Alger itself and the outside firms for which it sub-advised.

Early on, Fred Alger himself came out of retirement to again seize the reins of the company and made every effort to reassure clients that the company would be able to provide seamless management of all its portfolios [See MFMN, 9/17/01].

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