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Scheduled air date: Aug. 8, 2003
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Randall Eley James Bianco Chuck Tennes


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Randall Eley
President, chief investment officer
The Edgar Lomax Co.

Randall Eley

Eley founded The Edgar Lomax Company, an investment advisory firm in Springfield, VA. Before that, he worked for the Omaha, Neb.-based firm of Kutak Rock beginning in June 1977 through August 1986, as a lawyer specializing in corporate bonds.

In his previous appearance on Wall $treet Week with FORTUNE, Eley was generally optimistic about the big picture despite the then-looming threat of war. "Pricing power is coming back into industry in general," he said on the Oct. 4 broadcast. "And long term, that's good news for the economy."

The S&P 500 has gained 21.7 percent since Oct. 4, while the five stocks cited by Eley on that show have risen an average of 27.2 percent. However, that outperformance compared to the large-cap index has been fueled by just two stocks, Citigroup and American Express, which have gained 57.6 percent and 52.7 percent respectively. The other three stocks mentioned that Eley highlighted -- Philip Morris, Verizon and SBC Communications -- have gained 9.9 percent, 8.2 percent and 7.5 percent.

From 1994 through 2002, Edgar Lomax posted an annual gain of 10.7 percent before fees, compared to 9.2 percent for the S&P 500. Eley twice won The Wall Street Journal's stock-picking contest. Edgar Lomax manages about Nelson Information's "World's Best Money Managers" list ranked Edgar Lomax 20th for the one-year period ending June 30, 2001. Eley's firm was also ranked as the top large-cap value manager for the three-year period ending June 30, 1996.

He got a bachelor's degree in political science from Yale University in 1974, and received a law degree from the University of Chicago Law School in 1977.

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James Bianco
President
Bianco Research
James Bianco

» Bianco's Dec. 6, 2002 appearance on Wall $treet Week with FORTUNE
» Commentary, Aug. 1, 2003: The week you never read about

For the past 13 years, Bianco has been producing fixed income commentaries for hundreds of portfolio managers and traders. His reports are primarily devoted to the fixed income markets with special emphasis on money flow characteristics of primary dealers, mutual funds, hedge funds, futures traders, banks, and institutional investors.

Other topics he has researched include: the effect of commodity prices on bond yields; how the ratio of the equity market’s capitalization as a percentage of nominal gross domestic product affects price performance of the stock market; government regulation and inflation; how market performance affects mutual fund investors; politics and interest rates; and measuring the stock and bond markets from a total-return perspective.

Bianco has been a market strategist in equity and fixed income research at UBS Securities, and was an equity technical analyst at First Boston and Shearson Lehman Bros. He has been a national vice-president of the Market Technicians Association.

He received a bachelor's degree in finance from Marquette University in 1984, and an MBA from Fordham University in 1989.

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Chuck Tennes
Director of Portfolio
Rydex Funds
Chuck Tennes

» Tennes' Nov. 22 appearance on Wall $treet Week with FORTUNE

Tennes began working at Rydex in April 1999 to launch the firm's first international funds. He played a key role in starting the Rydex Dynamic Funds, the mid-cap Medius Fund and the small-cap Mekros Fund. In 2000, he was named to his current position. Tennes is a member of Rydex's investment strategy and operating committees.

"All of the Rydex funds are designed to be used as components in an overall asset allocation plan," Tennes said when he appeared on Wall $treet Week with FORTUNE's Nov. 22 program. "Investing doesn't have to be just a 'Yes' or a 'No' decision. It's more than just 'in' or 'out' of the market. … You can decide to turn up the volume a little bit when you have confidence in the market, to not just go short, but reduce your beta to the market when you need to. You can really fine-tune that relationship to the market."

Rydex hired Tennes after he spent 12 years at GIT Investment Funds, where he was chief operating officer and manager of Worldwide Growth, an emerging markets equity fund. Before GIT, Tennes was vice president of marketing for Washington D.C.-based Ferris, Baker Watts.

As a consultant, Chuck worked in Moscow for a year under a contract with the U.S. Department of Defense, evaluating the financial condition of hundreds of private Russian companies. He holds a master's degree in international trade and commerce from George Mason University and a bachelor's degree in Slavic languages from the University of Washington.

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