Word: danoff
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Sitting in his modest office, Will Danoff, manager of the nearly $19 billion Contrafund, talks about the huge sum of money he is investing. Danoff is a star--the fund's average annual return between 1990 and 1995 was about 22%, vs. 14% for the S&P 500 for those years. Printouts and annual reports are stacked on his chairs, desk, cabinets and floor; almost hidden in the mess are four computer screens. On one wall Danoff has hung a printout with a quote from Churchill to one of his generals: "What have you done...
Asked what the difference is between running $300 million--the Contrafund's initial stake--and its present billions, Danoff, a rumpled 36-year-old, smiles and says, "I'm working harder." At this size, just buying or selling a meaningful amount of stock can be difficult. "I won't take a half-million-share stake in a day," he says. "I'll buy 50,000 shares a day for months to build up a position." Danoff is candid about the downside of running a fund so large: "You're racing a Mack truck against a speedster [i.e., a smaller, competing...
...Nancy Danoff another paper to write...
Breaststroker Nancy Danoff came through with that second-place performance, edging out Massachusetts' Alix DonHartog by one-half second. Her three points kept Harvard on top, 59-56, with only the diving and 200-yd. freestyle relay remaining...
...those second-place swims of Danoff and Beckman kept Harvard within four points, 64-60, with only the seven-point, winner-take-all relay ahead. And as expected, the strong relay team of Leslie Landefeld, Mary Ellen Mangano, Jane Fayer, and Maura Costin brought home the win with a time of 1:46.6, a new team record, breaking the old mark...