Foresters Financial Services Inc. hired an international equity team to manage the First Investors Global Fund for the company's North American asset management unit.
Pedro Marcal will serve as director of international equities and, effective July 1, will become the portfolio manager for the First Investors Global Fund. Marcal most recently served as senior vice president and portfolio manager at Fred Alger Management Inc.
The team will also include international equity analysts Heiner Luz and Warren Zhang. Both Luz and Zhang joined the team from Fred Alger Management, where Luz specialized in European equities and Zhang focused on the Asia-Pacific region.
Marcal and his team will take responsibility of First Investors Global Fund from sub-adviser Wellington Management Co. LLP on July 1.
