Ray Pfeister has been elected vice chairman of Fred Alger Management of New York, an investment management company with over $24 billion in assets under management. Previously, Pfeister was executive vice president of Fred Alger. Before joining the company in 1987, he was a partner at Coopers & Lybrand of New York.

John Lehning has been named director of business development for mutual funds at Turner Investment Partners of Berwyn, Pa. Lehning previously was director of business development for mutual funds at The Brinson Funds of Malvern, Pa.

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