The Cambridge (Mass.) Retirement System has hired Fred Alger Management to actively manage $45 million in large-cap growth equities, according to an announcement from the money manager.
Ellen Philbin, executive director of the $670 million pension fund, couldn't immediately be reached for comment. Lawrence Marino, a consultant with Segal Advisors who advises Cambridge Retirement, declined to comment. Fred Alger spokeswoman Doreen Galante couldn't immediately be reached for comment.