The first quarter was a good one for the U.S. and European markets and a volatile one for the Asian markets. The U.S. provided decent returns and we continue to see opportunity in this country in coming months.
In the U.S., we hold core positions in high quality growth companies like Fannie Mae in finance; Cendant, Microsoft, and Intel in technology; Pfizer and Schering Plough in pharmaceuticals; New York Times, Ames Department Stores, Pepsico and Tiffany & Co. in consumer and retail.
European markets have been the world’s strongest so far in 1998. We will continue to see economic . . .
Continue Reading: April 8, 1998
