Oklahoma Money Managers Trying to Deal with Market Volatility

Summary

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It's hard to imagine anyone who has not suffered a double-digit investment loss through Wall Street turbulence over the past two weeks.

But imagine watching that strike your salary at the same time, and your company's bottom line, and perhaps worst of all, the hard- won earnings of friends who endured this heartache at your guidance.

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Oklahoma Money Managers Trying to Deal with Market Volatility

"Psychologically we see money evaporating before our very eyes," said James Carnett, senior portfolio manager with Fredric E. Russell Investment Management Co. of Tulsa. "As money managers, we are compensated for the amount of money we have under management, so if the market is down 30 percent ... it's not easy."

Down 900 points, up 400 ... today's market volatility promises to test O...

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