David Tice, Federated’s Chief Portfolio Strategist for Bear Markets, has been at the forefront of bear market investing for more than 20 years. Mr. Tice has long taken the role of a Cassandra to warn investors about the dangers of investing near the end of a secular bull market and has debated nearly every bullish Wall Street strategist. He gained national recognition through articles he wrote for Barron's and as the subject of numerous business journal and television interviews beginning at the time when he was among just a handful of courageous people who dared to short the market.
Bill Laggner is the Co-Founder of Bearing Asset Management along with his fund partner Kevin Duffy. Bill’s fund has never lost a client in the history of their fund and the returns over the last 3 years have been staggering with a 134% return in 2008 alone. Bill and his fund partner Kevin have correctly diagnosed the markets for many years staying ahead of the curve and positioning their clients for tremendous gains while many funds were hurt in 2008.
Saturday, July 3, 2010
David Tice & Bill Laggner
Biography from Federated Prudent Bear Fund
David Tice - Federated’s Chief Portfolio Strategist, Bear Markets
David W. Tice, Federated’s chief portfolio strategist for bear markets, has been at the forefront of bear market investing for more than 20 years.
Mr. Tice has long taken the role of a Cassandra to warn investors about the dangers of investing near the end of a secular bull market and has debated nearly every bullish Wall Street strategist. He gained national recognition through articles he wrote for Barron's and as the subject of numerous business journal and television interviews beginning at the time when he was among just a handful of courageous people who dared to short the market. Today he shares his views of the market and bear market investing approaches with both Federated investment personnel and clients alike.
Prior to his career as an investment manager and strategist, Mr. Tice held financial analyst positions with Atlantic Richfield Company and ENSERCH Corporation, a diversified energy company. He then joined Concorde Financial Corporation where he served as director of investments and was responsible for launching an equity mutual fund.
He launched his firm, David W. Tice & Associates, LLC, in 1988 to provide clients with hedging and sell discipline perspectives and recommendations through his "Behind the Numbers" publication and research service. This effort formed the origins of Federated Prudent Bear Fund in 1995 and Federated Prudent Global Income Fund in 2000.
Mr. Tice holds an undergraduate degree in accounting as well as an MBA from Texas Christian University. He is a Chartered Financial Analyst.
Biography from bearingasset.com
Bill Laggner, Co-Founder of Bearing Asset Management
Graduate of the University of FL (BS in Finance with honors). Began in the investment industry in the late 80’s, initially as
a stockbroker and then moved to the buy side at Fidelity Investments. I left Fidelity in late 1998 to manage my own investments.
Actually cut my teeth on the short side during the tech bubble and after it had burst, we formed Bearing (Bearing Asset Management) in the early part of this decade.
Bearing Asset Management, LLC
Houston, TX 77057
713-899-9172
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