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Thursday, December 15, 2016

A Value PM Legend Retires

News summary by MFWire's editors

Los Angeles-based FPA announced the retirement of partner, star PM, and former CEO, Bob Rodriguez. Rodriguez will retire at the close of the year after 33 years with the firm.

Bob Rodriguez
FPA
Retired PM and CEO
However, he's not going too far—Rodriguez will serve as FPA's first partner emeritus.

A year after joining the firm in 1983, Rodriguez moved into a role as lead portfolio manager. He gained widespread acclaim, most notably as the only US fund manager that Morningstar has named Manager of the Year for both stocks and bonds. He also played an instrumental role in taking FPA fully independent back in 2006.

"Bob has always been bold, outspoken and passionate about investing, and he backed that up with a tremendous performance record," states Rich Atwood, managing partner at FPA.

For the past few years, Rodriguez has been based out of his home in Lake Tahoe. His hobbies include travel and Porsche-racing, both of which he's sure to have plenty of time for at the start of the new 2017.

 

Edited by: Katy Golvala


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