Alger Group to acquire Redwood Investments.

Alger Group, an asset management group, agreed to acquire Redwood Investments, an equity investment boutique. Financial terms were not disclosed. "We are thrilled to be acquiring Redwood, a boutique investment specialist that has an outstanding track record and team, shared alignment with clients, and global perspectives that will benefit our clients in the US, Europe and Asia. Redwood’s cross-portfolio insights and qualitative and quantitative approach to analyzing growth equity companies will complement our investment process across our existing portfolios," Dan Chung, Alger CEO.