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This profile was last updated on 1/11/16  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Spiros Sig Segalas

Wrong Spiros Sig Segalas?

President and Chief Investment Of...

Phone: (212) ***-****  
Email: s***@***.com
Local Address:  New York , United States
Jennison Associates LLC
466 Lexington Avenue 18Th Floor
New York , New York 10017
United States

Company Description: Jennison Associates has earned a reputation for excellence by fulfilling client investment needs since its founding in 1969. Today, we manage more than $85 billion...   more

Employment History

Board Memberships and Affiliations


  • BA , Economics
    Princeton University
78 Total References
Web References
Spiros "Sig" Segalas, Michael A. Del ..., 11 Jan 2016 [cached]
Spiros "Sig" Segalas, Michael A. Del Balso, and Kathleen A. McCarragher
Lead manager Spiros "Sig" Segalas has 40-plus years of experience. He cofounded Jennison Associates in 1969 and has managed the subadvised Harbor fund since 1990 and the Prudential clone since 1999. His comanagers are also seasoned.
Segalas and his team have put together a fantastic long-term track record by looking for companies with sustainable above-average sales growth. He prefers firms with growth driven by unit sales rather than price increases, which is why the portfolio mostly avoids commodity-driven businesses. That helped in 2015, as did the funds' positions in and Netflix. Amazon and other big contributors, like Alphabet, have been in the portfolios for many years, while Segalas added Netflix more recently in mid-2013.
About Us, 22 Jan 2015 [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.
Manager Bios, 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.
The Best from The “Best” | Don McDonald - Financial Educator - Radio Host - Investment Advisor - and more, 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 ..., 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 (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.
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