Share This Profile
Share this profile on Facebook.
Link to this profile on LinkedIn.
Tweet this profile on Twitter.
Email a link to this profile.
See other services through which you can share this profile.
This profile was last updated on 4/28/12  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Spiros Sig Segalas

Wrong Spiros Sig Segalas?

Appreciation Manager

Phone: (850) ***-****  HQ Phone
Harbor Capital LLC
506 Harbor Blvd
Destin, Florida 32541
United States

Company Description: Harbor Capital LLC is a privately held real estate investment and services company which owns, operates and manages real estate assets in Florida, Alabama and...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • Princeton University
75 Total References
Web References
The Best from The “Best” | Don McDonald - Financial Educator - Radio Host - Investment Advisor - and more
donmcdonald.com, 28 April 2012 [cached]
Harbor Capital Appreciation manager, Spiros Segalas was excited by the long-term prospects for what he called "one of the fastest growing big companies around. MCI WorldCom.
Spiros "Sig" Segalas, 75, the veteran ...
www.kiplinger.com, 1 Jan 2009 [cached]
Spiros "Sig" Segalas, 75, the veteran manager of Harbor Capital Appreciation (symbol HACAX), currently has 40% of the fund in technology. Segalas invests in the highest-quality companies he can find and doesn't pay much attention to their prices.
I think his approach is tailor-made for today's market. Segalas invests only in premier tech firms that are boosting their market share and that should be able to increase annual earnings at double-digit rates. "They're all loaded with cash," he adds. Whether you buy his favorites or buy his fund, I think you'll be amply rewarded. (Harbor's investor share class, which launched in 2002 under the symbol HCAIX, charges slightly higher expenses.)
Harbor Capital Appreciation has delivered relatively good, if streaky, returns. Over the past ten years through May 20, it lost an annualized 2%, putting it in the 41st percentile among large-company growth funds, according to Morningstar. This year, the fund is up 11% -- ten percentage points better than Standard & Poor's 500-stock index.
Since 2000, Segalas says, many businesses have been reluctant to buy new technology. "Tech equipment at a lot of companies is getting old," he says.
...
This happens at times, but it doesn't last," Segalas says.
Four Harbor tech winners
Segalas's four tech picks start with longtime favorite Amazon.com (AMZN). The discount Internet retailer has plenty of room to expand from its dominant businesses in books, CDs and DVDs. With superb technology and a huge and expanding customer base, it continues to grow rapidly-and to increase profit margins. At its May 21 close of $75.96, the stock sells at 47 times the average analyst earnings estimate for 2009 of $1.63 per share. Analysts expect earnings to rise 26%, to $2.05 a share, in 2010. But Segalas believes Amazon will grow faster than that, justifying the rich P/E.
...
But, Segalas says, the management team that Jobs assembled in the late 1980s remains in place for now.
...
Segalas and his team predict earnings of $5.50 per share for the fiscal year that ends September 30 and $6.30 for the September 2010 fiscal year. The stock, at $124.18, sells for 23 times this year's earnings estimate and 20 times next year's.
Qualcomm (QCOM) is not only the dominant maker of chips for wireless phones, including smart phones, it also owns patents on CDMA technology, which has been adopted worldwide. The patents pay a growing royalty stream. Now that lawsuits with Nokia and Broadcom have been resolved, Segalas expects Nokia to become a big Qualcomm client.
...
"The handset market is down quite a bit, but the smart phone segment is growing very rapidly, led by Apple and RIMM," says Segalas. He estimates that Research in Motion will earn $4 a share for the 12 months ending next February and $5 the following year. At $72.98, the stock trades at 19 times February 2010 estimates and 16 times February 2011 forecasts.
About Us
www.charnleyrostvold.com, 19 Mar 2014 [cached]
John co-founded Jennison Associates, one of Wall Street's first independent institutional investment management firms, in 1969 with Spiros "Sig" Segalas, Jennison's current president and chief investment officer, and five other Wall Street investment professionals.
...
"John was the definition of magnanimous," Mr. Segalas said.
Prudential Newsroom: Prudential Investments Launches Prudential Jennison Market Neutral Fund
news.prudential.com, 27 April 2010 [cached]
Spiros "Sig" Segalas, a founding member of Jennison in 1969 who is currently director, president and chief investment officer of the firm, leading management of the fund's growth strategy.
Manager Bios
web.jennisondryden.com, 20 Jan 2010 [cached]
Spiros Segalas
...
Spiros Segalas
Spiros "Sig" Segalas is president and chief investment officer and was one of the founders of Jennison Associates in 1969. In addition to managing institutional portfolios, Sig has managed the Harbor Capital Appreciation Fund since May 1990. He is also co-manager of the Jennison Blend Fund, Inc., the Jennison Growth Fund, the Jennison 20/20 Focus Fund and the Jennison Select Growth Fund.  Sig was recognized as "Manager of the Decade" in 2000 by Mutual Fund magazine.
Sig began his investment career as a research analyst with Bankers Trust Company and was responsible for technology, aerospace, and conglomerate securities. He was appointed head of the Technology Group, and later was asked to manage a newly introduced commingled emerging growth fund, The Supplemental Equity Fund, for the bank's institutional clients. He was appointed to the bank's Investment Policy Group. Sig received a B.A. from Princeton University, after which he was an officer in the U.S. Navy. He also spent some time in the shipping and construction industries before joining Bankers Trust.
Other People with the name "Segalas":
Other ZoomInfo Searches
Accelerate your business with the industry's most comprehensive profiles on business people and companies.
Find business contacts by city, industry and title. Our B2B directory has just-verified and in-depth profiles, plus the market's top tools for searching, targeting and tracking.
Atlanta | Boston | Chicago | Houston | Los Angeles | New York
Browse ZoomInfo's business people directory. Our professional profiles include verified contact information, biography, work history, affiliations and more.
Browse ZoomInfo's company directory. Our company profiles include corporate background information, detailed descriptions, and links to comprehensive employee profiles with verified contact information.
zirhbt201304