Martin Whitman was having difficulty, as compared with overseas investments, in finding equity securities in the U.S. during the last quarter. All of his fund’s equity investments made during the quarter were in foreign equity securities and the equity security of a U.S. business that has a huge presence overseas. He also invested $100 million U.S. Dollars in Pound Sterling and $100 million U.S. Dollars in Kiwis…
http://thirdave.com/1Q05.pdf
http://thirdave.com/1Q05.pdf
