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Thursday, February 23, 2012

FPA to Hit the Beach with Investors

Reported by Armie Margaret Lee

Bob Rodriguez and his team at FPA are are inviting investors to spend the day with them by the beach. The Los Angeles-headquartered mutual fund firm will host its first ever Investor Day on May 21 in Casa del Mar in Santa Monica.

"We have grown as a firm, both in terms of size and the strategies we manage," Mark Hancock, director of business development, said in an interview with The MFWire.com. "We just felt it was time for us to cohesively as a unit spend the day with our investors."

The Investor Day comes on the heels of the company's rebranding last August to FPA from First Pacific Advisors. FPA has long been the brand name of the company's mutual funds.

Also last year, FPA rolled out its first fund in more than 25 years, FPA International Value Fund. The launch raised the number of open-end mutual funds at FPA to six.

FPA had AUM of $18.5 billion as of end-January, and of that amount, $14.3 billion was in its open-end funds.  

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