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



All our 23,130 stories are here...Call 212-331-8995 to add to the pile
Get MFWire Alerts
MFWire: FPA Funds
MUTUAL FUND FAMILY PROFILES [BETA]
To Update this information contact Editors@InvestmentWires.com or call Armie Lee at 212-331-8995 x111.

First Pacific Advisors
11400 West Olympic Blvd.
Suite 1200
Los Angeles, CA  90064
Google Maps

Contact
Main Phone: 310-473-0225
Web Site: http://www.fpafunds.com/

Mutual Fund Brand(s)
FPA Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    The six open-end and one closed-end FPA Funds are sponsored by Los Angeles-based First Pacific Advisors, an investment advisory firm known for its value-investing approach. CEO Robert Rodriguez has gained prominence as the star PM of the FPA Capital and FPA New Income funds since 1984.

    History

    Early Years

    First Pacific Advisors, Inc. was founded in 1953 as the investment arm of the Angeles Corporation.1.

    FPA gained prominence with star investor George Michaelis, who PM'd the closed-end Source Capital Fund and was FPA's CEO at the time of his accidental death in 1996. In 1983 a new hire named Bob Rodriguez led its acquisition of the Capital and New Income Funds from Transamerica. The funds then were rebranded as part of the FPA funds.

    After suffering real estate investment losses following the 1990 recession, Angeles Corp. sold FPA to United Asset Managers (UAM) in June 1991. Angeles later filed for bankruptcy in 1993.

    Affiliate Years

    UAM was in turn acquired by South Africa-headquartered Old Mutual PLC in 2000. That same year Robert Rodriguez was named CEO. FPA reorganized as First Pacific Advisors, LLC in July 2004.

    Eight members of the FPA management team formed Resolute LLC to purchase the investment advisory firm from Old Mutual in 2006, making FPA independently owned for the first time.

    FPA boasts 60 employees, including 22 investment professionals, managing four equity offerings and a fixed income one, totaling $17 billion (as of 12/1/2011).

    CEO Robert Rodriguez

    Born in Los Angeles as the son of an electroplator, Rodriguez' has been an "investment junkie" since the fifth grade when he wrote to then Fed Chairman William McChesney Martin as part of a school assignment2 and became a subscriber to the "Federal Reserve Bulletin." He has also said that a movie he saw when he was 12 about the New York Stock Exchange sparked his interest in investing.3

    Upon graduating from the University of Southern California (USC) in 1971 he followed a "hot growth" stock strategy until the 1973-74 bear market. He then adopted a Graham & Dodd approach to stock analysis while studying for his MBA at USC.

    Rodriguez started his career at Transamerica Investment Services and served as senior portfolio manager at Kaufman & Broad. He joined FPA in 1983.

    In 2010, Rodriguez took a 12-month sabbatical, during which time he focused on hobbies including travel and racing Porsches. J. Richard Atwood (FPA's chief operating officer and chief financial officer) and Steven Romick led the firm as managing partners in Rodriguez's stead. Tom Atteberry, Dennis Bryan and Rikard Ekstrand took over Rodriguez's PM duties.

    Rodriguez returned to work in January 2011. He works from his home on Lake Tahoe, Nevada.

    Morningstar named Rodriguez its Manager of the Year in 1991, then Fixed Income Manager of the Year for both 2001 and 2008.

    Sub-advisory work

    FPA also does outside mutual fund sub-advisory work. In June 2003 Litman Gregory launched its Masters' Select Smaller Companies Fund, with FPA as one of four sub-advisors. Then in October 2011 Litman Gregory launched its Masters Alternative Strategies Fund, again with a slice sub-advised by FPA.
    Sponsored Opportunities



    Key People:
    Rich Atwood
    Managing Partner, Chief Operating Officer, First Pacific Advisors, LLC
    Bob Rodriguez
    Managing Partner, CEO, First Pacific Advisors
    Steven Romick
    Managing Partner, PM, First Pacific Advisors
    Mark Hancock
    Director of Business Development, First Pacific Advisors
    Tom Atteberry
    Partner, PM, First Pacific Advisors
    Dennis Bryan
    Partner, PM, First Pacific Advisors
    Rikard Ekstrand
    Partner, PM, First Pacific Advisors
    Eric Ende
    Partner, PM, First Pacific Advisors
    Steven Geist
    Partner, PM, First Pacific Advisors
    Stephen O'Neil
    Vice President, Head Trader, First Pacific Advisors
    Lake Setzler
    Vice President, Controller, First Pacific Advisors
    Chris Thomas
    Vice President, Chief Compliance Officer, Firs Pacific Advisors
    Hilary Reddy
    Marketing, First Pacific Advisors (FPA Funds)
    Story Archive for First Pacific Advisors
    Published On Story Headline Publication
    1/3/2018 A 30-Year Columbia Vet Helps Launch a Private Wealth Group MFWire.com
    8/29/2017 Follow the Fundsters - August 29, 2017 MFWire.com
    7/13/2017 A $10.7B Shop Hunts for Subadvisory Biz After a Win MFWire.com
    3/24/2017 Vanguard, Nuveen, and Morgan Stanley Win Big in Gotham MFWire.com
    1/12/2017 And the 2016 Fund Manager of the Year Nominees Are... MFWire.com
    3/26/2015 Will Hodge Wear Sunglasses For M*? MFWire.com
    9/20/2013 FPA Un-Diversifies a Fund MFWire.com
    8/26/2013 FPA Revises Paramount's PM List MFWire.com
    8/15/2013 FPA Adjusts Crescent MFWire.com
    8/15/2013 FPA Expands a PM's Mandate MFWire.com
    6/18/2013 Are Alt Mutual Funds As Risky As FINRA Says? MFWire.com
    6/3/2013 First Pacific Advisors Adds Two PMs to a Fund MFWire.com
    5/24/2013 M* Explains Subtle Dance Between PM Changes and Fund Ratings MFWire.com
    3/1/2013 Rodriguez Goes No-Load MFWire.com
    11/29/2012 M*'s New Ratings Praise FPA, Demote Bogle and Lord Abbett MFWire.com
    9/28/2012 FPA Hires a New Distributor for Its $20B Family MFWire.com
    7/24/2012 FPA Loses International Value Strategy PM MFWire.com
    7/9/2012 PacLife Funds Targets Income Investors MFWire.com
    6/20/2012 Who Makes Best Use of Their Shareholder Letters? MFWire.com
    2/23/2012 FPA to Hit the Beach with Investors MFWire.com
    1/9/2012 The Grey Lady Devotes Ink to Fido, FPA and Berwyn PMs MFWire.com
    11/17/2011 LA Mutual Fund Firms Get a Break MFWire.com
    11/15/2011 Vanguard Dominates Morningstar's New Ratings MFWire.com
    10/6/2011 Gundlach Headlines a Multi-Strat Offering MFWire.com
    6/24/2011 Litman/Gregory Hires Gundlach and Romick to Sub-Advise its New Fund MFWire.com
    6/9/2011 Regrets? Not From Bill Gross MFWire.com
    6/6/2011 Bob Rodriguez Predicts Another Plunge MFWire.com
    6/3/2011 WSJ Names Four Go-Anywhere Funds with High Marks from Analysts and Advisors MFWire.com
    4/5/2011 Morningstar Looks for Good No-Load World Diversified Funds MFWire.com
    1/5/2011 A Star Fund Manager Returns MFWire.com
    11/12/2010 Morningstar Checks Under the Hood of Some Auto Funds MFWire.com
    10/18/2010 Bloomberg Looks at the Change in Akre's Approach MFWire.com
    7/6/2010 FPA's Romick Likes Farms, Oil Stocks MFWire.com
    6/25/2010 FPA's Romick Bemoans the 'Jacked Up' Economy MFWire.com
    6/24/2010 Seen and Heard at the Morningstar Conference MFWire.com
    6/8/2010 WSJ Warns Of Bond Bubble MFWire.com
    1/5/2010 American Funds, Berkowitz and Loomis Sayles Gain Top Manager Kudos MFWire.com
    11/19/2009 Who Made it to Morningstar's Manager of the Decade Shortlist? MFWire.com
    9/2/2009 The WSJ Plugs For Some ETFs and Funds While Rethinking Stocks MFWire.com
    6/4/2009 FPA's CEO Warns Active Managers to Shake Up Their Practices MFWire.com
    3/11/2009 A Fund Exec's Departure Catches the Eye of the WSJ MFWire.com
    3/10/2009 A Fund Chief Prepares a Temporary Departure MFWire.com
    1/9/2009 Forester Value Wins Again MFWire.com
    1/6/2009 Morningstar Crowns the Top Fund Managers of '08 MFWire.com
    1/5/2009 At Least There Was One MFWire.com
    10/24/2008 WSJ Rounds Up Six Fund Managers to Find Deals MFWire.com
    7/16/2008 Globe Points Out Three 'Safe' Funds MFWire.com
    5/12/2008 Cash is King for Fund Managers as Market Drops MFWire.com
    1/31/2008 Three Fund Firms Take Home MStar Top Steward Kudos MFWire.com
    9/20/2007 Checkmate for 'The Bishop' Bomber MFWire.com
    3/10/2006 Rising Cash Levels Not a Market Call MFWire.com
    1/31/2006 Morgan Stanley Adds to SMA Platform MFWire.com
    12/16/2003 Who Was Manager of the Year? MFWire.com
    6/17/2003 LGFA Finds Four Small Cap Masters MFWire.com
    1/2/2003 Morningstar Names 2002 Managers of the Year MFWire.com
    1/4/2002 Diamonds are Forever MFWire.com
    3/31/2000 Los Angeles Fund Gets New Manager MFWire.com
    6/21/1999 Odd Lots, June 21, 1999 MFWire.com
     News Archives
    2018: Q3Q2Q1
    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. 1997-2018
    40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use