General Investing >> Money Manager Interviews >> December 21, 1998

Carl Dorf – Pilgrim America Bank & Thrift Fund

CARL DORF is Senior Vice President and Senior Portfolio manager of Pilgrim America Bank and Thrift Fund. Mr. Dorf joined Pilgrim America's predecessor in 1991 as a Vice President and Portfolio Manager for the then $81 million closed-end, NYSE-listed fund (then called Regional BankShares), and has been at the helm throughout its growth to almost $780 million in total assets as of September 30, 1998. He also participated for various periods in the management of Pilgrim's growth- and-income-oriented MagnaCap Fund, and in the convertible securities portion of its Corporate Utilities Fund. Prior to joining Pilgrim America, Mr. Dorf was a principal of Dorf & Associates Investment Counsel. His 35+ years of portfolio management and research also include stints with Moody's Investors Service, as an analyst in the Banking & Finance Department; with Nuveen Corp. as a financial security analyst; with Loews Corp. as a fund manager reporting directly to Chairman Laurence Tisch, with responsibility for $150 to $250 million of corporate investment in utility and financial stocks; with BA Investment Management Corp. as senior financial stock analyst, and with RNC Capital Management as VP manager of 150 individual, pension, and profit-sharing accounts. A Chartered Financial Analyst, Mr. Dorf is a member of the Phoenix Society and the Association for Investment Management and Research. He earned both BA/Finance and Investments and MBA/Finance degrees from the Bernard Baruch School of Business and Public Administration, The City College of New York. A father of five, Mr. Dorf counts racquetball and tennis among his primary outside interests. (FAT501) (6559) Profile
TWST: As manager of the Pilgrim America Bank and Thrift Fund, will you

give us your perspective on the recent Federal Reserve interest rate

cuts? How did they and how will they impact bank stocks?