Steven Romick’s FPA Crescent fund is in the top 3% of funds in its class over the past 15 years, according to Morningstar, and in a recent interview with Forbes’ Steve Forbes, Romick talked about his strategy. “We are deep value investors,” Romick says. “Our goal is to generate equity rates of return and to […]
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Tag Archives: Steven Romick
Romick on Why Bernanke Needs to Go
November 14, 2012 
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In a recent letter to FPA clients, top fund manager Steven Romick says the Federal Reserve’s easy money policies are having and will likely continue to have troubling effects on the economy, and makes the case for the replacement of Fed Chairman Ben Bernanke. In the letter (H/T to Sara Wolinsky for posting the the […]
Read moreHawkins and Romick Talk Europe, Rates, and Margins
June 26, 2012 0 Comments
While many investors are fleeing the continent, some top fund managers are finding value in Europe. At the 2012 Morningstar Investment Conference, Longleaf Partners’ O. Mason Hawkins said that P/E ratios in Europe seem very low, particularly when the low-interest-rate environment is factored in, according to Morningstar. FPA’s Steven Romick, meanwhile, says it seems investors […]
Read moreRomick on the Fed’s Dangerous Game
June 22, 2012 0 Comments
Top fund manager Steven Romick says the Federal Reserve’s “grand experiment” of propping up asset values will have “severe ramifications” for investors. Romick tells Morningstar that the Fed is trying to manage risk assets too much, and has simply transferred private debt to public debt. Romick says Treasury bonds are “one of the worst investments […]
Read moreRomick Not Excited By Market
May 21, 2012 0 Comments
Top mutual fund manager Steven Romick says he’s “maintaining the status quo” with his portfolio, because he isn’t seeing many enticing opportunities right now. Romick tells Tom Keene on Bloomberg Television’s “Surveillance Midday” that he thinks the market is “not inexpensive” right now, and says he sees a lot of risk to earnings — particularly all-time […]
Read moreRomick Finding Value in Large-Caps
October 28, 2011 0 Comments
Top-performing fund manager Steven Romick, who often targets smaller stocks, is finding that the current market environment has larger stocks looking attractive because of their valuations. “We think owning good, large-cap, global, and growing businesses are a good place to invest today,” Romick tells Morningstar. “Those of which cannot adequately reinvest their capital should pay […]
Read moreTop Fund Manager Putting Cash To Work
August 29, 2011 0 Comments
Steven Romick, who has been one of the U.S.’s top mutual fund managers for over a decade, says he’s tilting his portfolio toward larger firms with international, non-dollar exposure. Romick tells Barron’s that he’s been buying stocks in the past few weeks as markets have struggled. But, he adds, “this isn’t a time to put […]
Read moreRomick Keys on Large Caps, Cautiously
February 22, 2011 1 Comment
Top fund manager Steven Romick says large-cap stocks are offering better values than other options, and is positioning his portfolio to weather a pullback. “Large-cap companies are a much greater value, certainly than bonds,” Romick tells the Los Angeles Times, The Times says Romick has about 60% of his portfolio in stocks, “dominated by big […]
Read moreRomick Looks to Inflation-Fighters
November 12, 2010 0 Comments
Top fund manager Steven Romick says that in the current environment, he’s focusing on companies that will be able to handle inflation well. “I’m investing in companies we feel can be protected against inflation, with pricing power that could rise as fast as their costs,” Romick says in an interview with BusinessWeek. He also talks […]
Read moreGurus Still Keen on Blue Chips
September 13, 2010 1 Comment
A number of top value investors are continuing to see big bargains in big blue chips. Among them: money manager and columnist Whitney Tilson. “If you’re worried about a feeble economy you want to own companies with strong balance sheets,” Tilson says, according to the Associated Press. Tilson doubts the broader market will do much […]
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