Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Los Angeles Fund Gets New Manager Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, March 31, 2000

Los Angeles Fund Gets New Manager

Reported by Joel Kranc

FPA Paramount Fund reported that the fund's Board of Directors elected Eric Ende as president, portfolio manager and director of the fund, and Steven Geist as executive vice president and portfolio manager.

Ende and Geist succeed William Sams as portfolio managers for the fund. Sams, the president and portfolio manager of the fund for the past 19 years, is retiring from his positions.

"For the past three years the performance of FPA Paramount Fund has not been satisfactory and I take full responsibility for it," said Sams. "The Board of Directors of the fund has given me adequate opportunity to turn things around and it is now time to turn the management of the fund over to Eric and Steve. They have done a great job with FPA Perennial and I'm sure they will do a great job with FPA Paramount."

"Bill's contrarian value style, which worked so well for so long, has suffered in the last few years during one of the longest uninterrupted growth cycles in history," said Julio de Puzo Jr., executive vice president of the fund. "He is still considered by many as one of the great investment managers of our time."

FPA Paramount Fund is a Los Angeles-based open-end investment firm managed by First Pacific Advisors, an indirect wholly owned subsidiary of United Asset Management

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use