Firms Account for Most Trade Center Fund Personnel
David Alger, others from the firm are still missing.
Some fund families headquartered in the World Trade Center have reported that in the wake of Tuesday's terrorist attacks, they have accounted for all or nearly all of their employees. Still, it is clear that the industry has suffered significant losses, in both personal and professional terms, with Alger Funds appearing to be the hardest-hit firm.
Morgan Stanley, which occupied 50 floors at the Trade Center, on Thursday said of its nearly 3,700 employees who worked in the center, fewer than 10 may have lost their lives in Tuesday's massacre as of Monday morning. "The loss of a single life is too many," said Philip J. Purcell, Morgan Stanley's chairman and chief executive. "But when you consider the incredible destruction that occurred, the loss of fewer than 40 of our people out of the 3,700 who worked there is a near miracle."
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