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W.P. Stewart & Co., Ltd. Hosts Annual Client Seminar
HAMILTON, Bermuda, Dec. 9 /PRNewswire-FirstCall/ -- W.P. Stewart & Co., Ltd. today hosted its annual investment seminar at Avery Fisher Hall (Lincoln Center) in New York City, with more than 800 clients assembled from around the world.In suggesting that over the long term investment returns follow earnings growth behind clients' portfolios, William P. Stewart, Chairman and CEO of the Company, commented that "earnings growth behind your portfolios never stopped growing through the recent recession and earning power is still growing at a double digit rate." Separately, Mr. Stewart noted that preliminary data indicated that performance in the W.P. Stewart & Co., Ltd. U.S. equity composite for the year-to-date through 6th December 2002 was approximately -11.4% pre-fee and -12.6% post-fee, while the performance of the S&P 500 during the same period was -19.4%. He further observed that, "in this three-year bear market the firm's composite has outperformed the S&P 500 by approximately 1,800 basis points pre-fee."
