MR. CASEY'S PORTFOLIO

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88B00443R001404070070-2
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 21, 2016
• Document Release Date: July 10, 2008
• Sequence Number: 70
• Publication Date: June 6, 1983
• Content Type: OPEN SOURCE

Approved For Release 2008/07/10: CIA-RDP88B00443RO01404070070-2
THE I"ASHINGTON' POST
6 June 1983
T X-1 V r
J, k J_
Illr. Casey s Porlfolio
The front-page story June 1
misrepresents William J. Casey's
recent investment activity and
needs to he corrected.
I have provided Mr. Casey
and his family with professional
investment counsel services for
.approximately 20 years. During
this time, I have had discretion
to manage his investment with-
out consultai on with him.
Investn,c.rat changes that were
made by me in his accounts were
based on our firm's judgments
that were comi:"Lentl_y applied to
our other clients' portf ,los.'I'Imere
have been no iistances whatever
during Mr. Casey's service as di-
rectA?r of the Central Intelligence
Agency when lie has provided me
with any infirrtnation that could
have been used as an aid in nr,,k-
ing these decisions.
-In the third quarter cf 1982, a
large sale was made of a security
Mr. Casey had- held for over 30
years. This sale was-nnade to in-
prove the safety and diversifica-
tion of the portfolio. Approxi.
mately 40 percent of the prncci'ds
were used to purclhaI:~e other
stocks and 60 percent to buy
bonds. This activity made for a
large dollar value of trar,