Word: acadian
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Dates: during 2000-2009
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Because of all the chaos that descended on New Orleans, the acts of heroism often took the form of mini-rebellions against the bureaucracy. Richard Zucschlag, head of Acadian Ambulance, the largest ambulance transport company in southern Louisiana, moved his dispatch center to the outskirts of New Orleans, where it became the only communications network in the early hours of the disaster. Then, although Zucschlag's staff is not trained to do triage, he sent 10 ambulance medics to the Superdome while his 40 ambulances and seven helicopters served as the initial rescue force in the city. For 40 hours...
Emerging markets should do well as more capital becomes available. Countries like Brazil and Russia are volatile investments, but they're a pure play on global growth and worth 2% to 5% of your stock portfolio. Consider diversified mutual funds such as Acadian Emerging Markets and Vanguard Emerging Markets...
...fall against the euro, who could blame the weary, wary American investor for seeking shelter overseas? Investing abroad is a logical choice to balance your portfolio. But how much? And where? Time senior writer Daniel Kadlec and reporter Jyoti Thottam asked three top portfolio managers, Gary Bergstrom, chairman of Acadian Asset Management; Barton Biggs, chairman of invest- ment management for Morgan Stanley; and Sarah Ketterer, CEO of Causeway Capital Management. Here are their top picks among overseas markets and some advice on the smartest ways to diversify globally...