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Lawrence E Davanzo

October 23, 2007 | From Times Staff and Wire Reports
Wilshire Associates Inc. has named Lawrence E. Davanzo president, making him a potential successor to Chief Executive Dennis A. Tito, who founded the Santa Monica-based investment consulting firm 35 years ago. Davanzo, 54, would become CEO "in the event that something happens" to Tito, Wilshire said. An executive at Wilshire from 1977 to 1991, Davanzo rejoined the firm in 2004 and heads its fund-management unit.
October 27, 1987 | JONATHAN PETERSON, Times Staff Writer
For worried American investors, the real clue to what was coming for stocks Monday wasn't hidden in a company balance sheet or even the latest figures on the U.S. economy. Rather, it was to be found across the Pacific Ocean, in the panicky markets of Japan and Hong Kong. Stocks there were taking yet another severe beating. And, as sunrise spread across Europe and England to the United States, so did this latest market plunge.
October 29, 1987 | BILL SING, Times Staff Writer
Thanks to their long-term orientation and diversification into other investments besides stocks, the nation's pension funds seem to have emerged from last week's market collapse with relatively minor wounds. Although they own nearly a quarter of all U.S. stocks, the nation's largest pension funds have protected themselves with substantial assets--sometimes more than half their investment--in bonds, money-market funds, real estate and other investments, pension experts say.
November 8, 1987 | BILL SING, Times Staff Writer
Shon Saleh avoided the Great Crash of '87, thanks to a case of perfect timing. In early October, the San Francisco stockbroker planned to invest heavily in stocks. But before doing so, Saleh called a phone hot line, which said the outlook was bearish and advised him to stay out of the market. He did, saving himself and many of his clients from the ensuing Oct. 19 crash. "I could have lost a hell of a lot," a relieved Saleh said. Instead, "I was very calm as the market was collapsing."
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