Beverly Hills money manager comes out on top for quarter.Pacific Financial Research, a veteran money management outfit based in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , was the Southland's No. 1 domestic money-handler in the second quarter, posting a 5.4 percent return in the period. In the second spot was downtown Los Angeles-based Merus, which posted a 4.5 percent return, followed by Hotchkis & Wiley, another downtown manager, which had a 3.8 percent return in the three-month period. By way of comparison, the S&P 500, a broad measure of the stock market, rose 2.0 percent in the second quarter. However, beating all domestic money managers was San Diego-based Brandes Investment Management, which scored a 6.7 percent return on its portfolio of international stocks. Overseas is where investors should continue to look, advised Jeff Busby, Brandes vice president. "We are finding a lot more opportunities overseas than domestically," he said. "In fact, we also run a global fund that invests in both domestic and foreign stocks, and that fund has more allocated to overseas stocks than at any other time in the 18-year history of our firm." Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Mexico are particularly interesting, while Japan is still a nation to set aside for awhile a·while adv. For a short time. Usage Note: Awhile, an adverb, is never preceded by a preposition such as for, but the two-word form a while may be preceded by a preposition. , said Busby. In the five-year period ended June 30, the No. 1 Southland south·land or South·land n. A region in the south of a country or an area. south  land·er n.Noun 1. manager was again Brandes, again on its international stock fund, which posted a 23.3 percent annually compounded return. An investor who gave Brandes $100 five years ago would have $284.98 today, before inflation and taxes. The No. 2 manager in the five-year category was the Pasadena-based Provident prov·i·dent adj. 1. Providing for future needs or events. 2. Frugal; economical. [Middle English, from Latin pr Investment Counsel, which posted a 15.5 percent annually compounded return on its stock fund. Provident also took the No. 3 spot, with a 14.6 percent annually compounded return on its mixed portfolio of stocks and bonds. Southland money managers were also rated for the amount of risk in their portfolios, compared to the amount of return. The ideal, of course, is to achieve a great deal of return while being exposed to relatively little risk. The level of risk is measured by rating the amount of volatility in a portfolio -- a portfolio that gyrates wildly in value is risky, while one that is more stable is less risky. For example, a portfolio of short-term U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. bills is very stable in value, but has not much yield. In contrast, a fund invested entirely in small-capitalization growth stocks might show a great deal of volatility in value from quarter to quarter. Generally speaking, return and risk go together in the world of investing. By the return-to-risk measurement (as computed over the five-year period ended June 30), the Southland's top manager is William Mason There have been several notable people named William Mason, including (sorted by birthdate):
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