Dennis Ferro
Dennis Ferro
Dennis Ferro quotes about
asset commitment management shows strong
I think what this shows is an ongoing, strong commitment to the asset management business.
best confidence endeavors expect fund gary leadership maureen retirement service teams thank transition tremendous wish
We wish Gary and Maureen all the best in their retirement endeavors and thank them for their many contributions to our organization and years of service to Evergreen and our fund shareholders. I have tremendous confidence in our new leadership teams and expect the transition of these portfolios to be seamless.
consistent cut darker deeper fed hoping larger market meant rate reaction support wanting
I think there was a knee-jerk reaction on the part of market participants who were hoping and wanting more. The Fed has shown, through its rate cuts, that it will be consistent in its support of reviving the economy, and a larger rate cut would have meant they had deeper and darker concerns.
goal matters reasonably resolve soon
Our goal is to reasonably resolve these matters as soon as possible.
approach basis begin cut earnings economy fed investors looking market next pick positive prudent starting toward trade trying whether year
Investors are still looking for the economy to begin to pick up toward the end of this year with positive earnings comparisons occurring starting in the first or second-quarter of next year (2002). Trying to trade the market on the basis of whether the Fed is going to cut by 50 or 25 basis points, in a long-term portfolio, is not a prudent approach to investing.
clients global local presence seeking
Institutional and high-net-worth clients are increasingly seeking global firms with a presence in the local marketplace.