General Investing >> Money Manager Interviews >> November 23, 1998

Michael Stead – Sife Inc

MICHAEL STEAD, Portfolio Manager of SIFE Trust Fund, guided the fund in 1997 to a 44.79% year-end return in his third year at the helm, an admirable follow-up to 1996, which ended up 27.40% and his debut year which ended with the fund up 49.94% in 1995. Mr. Stead currently manages over $1 billion in holdings. He joined SIFE in May of 1995, after working several years with Citibank and Bank of America. Mr. Stead began his career with Bank of America in Los Angeles, serving as Vice President in the World Banking Division for two years. He spent the next year in Bangkok as Senior Credit Officer and Corporate Bank Head for Thailand, and the subsequent three years in Tokyo as Executive Director of Corporate Finance, East Asia and Director of Bank-America Asia Ltd. In 1992, Mr. Stead returned to Bank of America's Los Angeles branch, managing the U.S. Division's Capital Markets Credit Group. He was transferred to San Francisco in 1993, where he was Senior Division Risk Manager for one year before being promoted to Senior Credit Officer for the Capital Markets Division. Mr. Stead left Bank of America in 1995 to join SIFE. A native of Yorkshire, England, Mr. Stead attended college in Germany, earning his degree in Economics and Business Administration from Fachhochschule Aachen University. Following graduation and a short stint with Roche Internations Ltd. in Uruguay, Mr. Stead began working for Citibank in 1978 as Account Officer in the corporate bank in Buenos Aires, Argentina. He then moved to Quito, Ecuador, where he was Assistant Vice President, Head of the Multinational & Petroleum Unit. Moving to the New York branch, he served as a Vice President before leaving Citibank in 1986 to work at Bank of America. Mr. Stead currently resides in California with his wife and four sons. (FAR501)(6557) Profile
TWST: Let's begin by discussing your perspective on the interest rate

cuts. The latest surprise one sent the stock and bond markets soaring.

Mr. Stead: That's correct. The Fed decided to cut