General Investing >> Money Manager Interviews >> February 12, 2001

Thomas Laming / Kent Gasaway – Kornitzer Capital Management

THOMAS W. LAMING is a Senior Vice President and Portfolio Manager with Kornitzer Capital Management, Inc. His current management responsibilities include Lead Manager of Buffalo Equity and Buffalo USA Global Funds; Lead Manager of the AFBA Five Star Equity and AFBA Five Star USA Global Funds; co-Manager of the Buffalo Small Cap Fund; and Manager of the Great Plains Trust Company Science Technology Fund. Previously, Mr. Laming was a Senior Engineer at Martin Marietta, a Staff Engineer with TRW at the Johnson Space Center in Houston and at TRW's Space Park Facility in Redondo Beach. While an engineer, his work dealt primarily with spacecraft design. Prior to joining KCM, Mr. Laming was a Technology Analyst with Waddell & Reed. He holds an MBA from Indiana University, an MS in Aeronautics and Astronautics from the Massachusetts Institute of Technology, and a BS in Physics from the University of Kansas. Profile
KENT W. GASAWAY is a Partner, Senior Vice President and Portfolio Manager with Kornitzer Capital Management, Inc. His current management responsibilities include: Lead Manager of Buffalo Small Cap, Buffalo High Yield and Buffalo Balanced funds; Lead Manager of AFBA Five Star Balanced and AFBA Five Star High Yield Funds; co-Manager of Buffalo Equity and USA Global Funds, and co-Manager of the AFBA Five Star Equity and AFBA Five Star USA Global Funds. Previously, he was a Portfolio Manager and research analyst at Waddell & Reed Asset Management Co. Mr. Gasaway's nearly 20-year career includes managing government and corporate bonds, high yield bonds, convertible bonds, mortgage securities, money market securities, municipal bonds, and common stocks. Mr. Gasaway is a Chartered Financial Analyst and received a BS degree in Business from Kansas State University. Profile
TWST: The year 2000 was anything but disappointing for Buffalo Equity

Fund's shareholders. The Fund grew 21.5%, while the S&P 500 lost 9%.

Tom, how did you do it?

Mr. Laming: Really, it