Money Managers after the Perfect Storm Message Board

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Non-Tech : Money Managers after the Perfect Storm

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To: Tom D who started this subject	2/24/2002 4:04:12 PM
From: Tom D	Read Replies (1) of 46

Current asset allocation Everybody gets different results with their money managers because everybody has different goals in terms of need for income, desire for capital appreciation and desire for capital preservation. At present we (my wife and the advisor from Salomon Smith Barney and I) have decided to have 40% in Cambiar (this is a large cap value stock with 2001 return 6.17%, benchmark Russell 1000 return of -5.59%), 30% with Kayne Anderson (they have a small to mid cap fund with GARP--growth at a reasonable price with 2001 return of 6.11%, benchmark Russell 2500 return of 1.22%), 25% in bonds of which 40% are corporate bonds returning about 11.5%, and 60% in munis) and 5% in Lazard International (2001 return of -17.24%, benchmark MS EAFE of -21.45%). I think the advisor thinks that growth will do better than value and small cap will do better than large. That positions Kayne Anderson will, being that they are GARP. However, Cambiar's record of never having had a bad year has great appeal. We are willing to give away some of the upside to get less downside. Tom

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