MR. CASEY'S PORTFOLIO

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88B00443R001404070109-9
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 21, 2016
• Document Release Date: July 10, 2008
• Sequence Number: 109
• Publication Date: June 6, 1983
• Content Type: OPEN SOURCE

Approved For Release 2008/07/10: CIA-RDP88B00443RO01404070109-9
6 )un,' 923
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Mr. Casey's Portfolio
The front; page story June 1
misrepresents William J. Casey's
recent investment activity and
needs to be corrected.
I have provided Mr. Casey
and his family with professional
investment, counsel services for
.approximately 20 years. During
this time, I havo had discretion
to manage his investment with-
out consultation with him.
Investment chm es that were
made by inc in his accounts weje
based on our firm's judgment,
that were consistently .'.plili; i to
our other client;' pcutftlillr,. 'I'}I,?r .
have been no ir;stanccs w ;never
during Mr. Casey's service di-
rector if the Centr,t! Intclliic';ce
Agency when he has pruvict~ d nne
with me' infornultion ti:at could
have been used a:< an aid in rn:n.'k-
ing these declsea s.
In the third quarter of Ia
large sale was made of it security
Mr. Casey had - held for over SJ
years. This sale Waas'iiiade tin irn-
prove the safety and diversifica-
tion of the portfolio. Ap proxi-
rn::tely 40 percent of the proi:cnd;
were used to purchase * other
stocks and 60 percent to buy
bond;. This activity made for a
ln;,,e dollar value of transactions,
but much of this simply reflected
the rolling over of temporary
short-term securities. The stocks
and bonds-selected by us were
deemed as appropriate for his
family's investment objectives.
RICHARD) R. Cl 1GSIVICK
- (s esulck,(ii{!e pk:.od(b
Green? ich, Conn.
Approved For Release 2008/07/10: CIA-RDP88B00443RO01404070109-9