Word: rollands
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...always, Kenneth Rolland, 51, arrived at his office on the 58th floor of the RCA Building in New York City's Rockefeller Center just before 8 one recent morning and immediately sat down to his regular staff meeting with two senior portfolio managers and two top traders. As an executive vice president of Chemical Bank, Rolland manages $11 billion in trust funds. One of his staffers told him that there was a rumor around Wall Street that Henry Kaufman, chief economist at the Salomon Brothers brokerage firm, had changed his forecast and was about to predict publicly that interest...
...Rolland called a friend at Salomon to confirm the rumor, and then acted fast. By the end of last week, he had moved nearly $1 billion into the stock market. Says Rolland: "Once we made up our minds, we never looked back...
...Rolland is one of a few hundred managers of large portfolios who are Wall Street's big guns of August. He and a staff of 56 people have sent out buy orders for more than 1,000 blocks of stock. Each block contained at least 5,000, and sometimes more than 10,000 shares. Rolland estimates that the Chemical Bank portfolio has gained $750 million in value during the past frenetic fortnight...
...reason for the waves of big-volume trading was that cash-rich institutional investors such as insurance companies, pension funds and mutual funds have lumbered back into the market after months of sitting on their wallets while awaiting the outcome of the presidential race. Says Kenneth Rolland, an executive vice president of New York's Chemical Bank: "People think a Reagan Administration will cut Government spending and institute tax reforms that will stimulate investment and savings. Investors believe that the climate will be very good for financial assets like stocks." Adds Investment Strategist David Bostian of Bostian Research Associates...
...first dwarf dunk-a triumphant spike over the goal posts. The Baltimore Colts' Howard Stevens (5 ft. 5 in., 162 Ibs. and the smallest man in the N.F.L.), the Nureyev of the sidelines, dancing beyond the grasp of lumbering would-be tacklers. The Atlanta Falcons' Rolland Lawrence (5 ft. 9¾ in., 178 Ibs.), a hawk masquerading as a defensive back, swooping in front of half-foot taller tight ends for five interceptions. The Los Angeles Rams' Harold Jackson (5 ft. 10 in., 175 Ibs.), the wide receiver with a modest No. 1 dangling from a gold...