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 [...]
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Tag Archives: Steven Romick
Top Fund Manager Putting Cash To Work
August 29, 2011
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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
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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
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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
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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 [...]
Read moreRomick Thinks Big, and Global
July 30, 2010
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Steven Romick, whose FPA Crescent Fund has beaten 99% of its peers over the past decade, is high on larger stocks that can take advantage of fast-growing foreign markets. “The opportunity set has changed,” Romick tells Bloomberg, which adds that Romick says big companies are both cheaper and better positioned to tap into faster-growing non-U.S. [...]
Read moreRomick’s Three Current Portfolio Themes
June 25, 2010
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FPA Crescent fund manager Steve Romick, who has a lengthy track record of beating the market, recently talked to Morningstar about his multi-asset approach to portfolio management. Romick says three themes currently guiding his portfolio are energy, healthcare, and subprime whole loans.
Read moreTop Manager on Long-Term Thinking, Market’s Value
March 1, 2010
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Steven Romick, whose FPA Crescent fund produced annual returns of more than 11% during the 2000s, says he thinks stocks have gotten pricey after the recent rally. “We think the stock market has run a little bit ahead of what the economic fundamentals are,” Romick tells WealthTrack’s Consuelo Mack. “It’s a time for relative caution. [...]
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