General Investing >> Money Manager Interviews >> November 16, 1998

Peter D. Wells – Kanne, Paris & Hoban Inc

PETER D. WELLS is Senior Vice President and Portfolio Manager of Kanne, Paris & Hoban, Inc. Mr. Wells graduated from the University of Wisconsin-Milwaukee with a B.S. in Economics. He did graduate work in economics at UW-M and studied law at the University of Chicago Law School. He began his investment career as a securities trader in the trust department of the Marine National Exchange Bank in Milwaukee, and subsequently became a security analyst. After two years with Robert W. Baird & Co., a midwest regional brokerage firm, Mr. Wells rejoined the Marine where he became Director of Research. He joined the Equity Investment department of Allstate Insurance Company in 1978 where he became the first Group Vice President for Equities and Venture Capital. He then assumed responsibility for managing the fixed income programs for the Property and Casualty operations. Mr. Wells was the second ranking officer in an Investment Department that managed $50 billion in assets at the time he took early retirement in 1995. He made several presentations to industry groups regarding Allstate efforts to reduce portfolio turnover and transaction costs. He was widely interviewed in national investment media regarding his efforts to get Wall Street firms to divulge their research costs to justify Allstate's commission expenses. Profile
TWST: What are your goals as money managers at Kanne, Paris & Hoban?

What are some of the strategies that you implement to meet those goals

for your clients?

Mr. Wells: Basically we are