General Investing >> Money Manager Interviews >> March 29, 1999

Liz Ann Sonders – Avatar Associates

LIZ ANN SONDERS is a Managing Director and Portfolio Manager at Avatar Associates in New York, a firm specializing Tactical Asset Allocation. She has been with the firm for 12 years and co-chairs the Stock Selection Committee and is a member of the Bond Selection Committee. For the former, she covers the energy, transportation, auto and retail/apparel industries. She is a frequent speaker at money management seminars and has given numerous interviews with The Wall Street Transcript, Bloomberg News and CBS's on-line 'Market Watch.' She is a panelist on Wall Street Week With Louis Rukeyser, and regularly appears on CNBC, CNNfn, and Bloomberg TV. She received her B.A. in Economics and political science from the University of Delaware in 1986 and her M.B.A. in Finance from Fordham University in 1990. Her interests include golf, skiing, biking, rollerblading and tennis. Profile
TWST: Would you explain tactical asset allocation, the basis of your

investment philosophy at Avatar?

Ms. Sonders: The best way to explain TAA is to contrast it with the

more commonly known