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Robert Rodriguez
By admin - Posted on April 16th, 2008
Tagged: Veteran investor Bob Rodriguez is fiercely protective of preserving shareholder capital. So when Rodriguez, the rare manager who runs both a stock fund and a bond fund, concluded three years ago that a housing boom fueled by funny-money mortgages would end with a massive bust, he began positioning his funds even more conservatively than they already had been.
The ace fund manager expects a subdued economic recovery and mediocre returns from both stocks and bonds over the next few years.
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Veteran investor Bob Rodriguez is fiercely protective of preserving shareholder capital. So when Rodriguez, the rare manager who runs both a stock fund and a bond fund, concluded three years ago that a housing boom fueled by funny-money mortgages would end with a massive bust, he began positioning his funds even more conservatively than they already had been.
The ace fund manager expects a subdued economic recovery and mediocre returns from both stocks and bonds over the next few years.
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- Read more
By admin - Posted on April 3rd, 2008
Tagged: Few things seem to slow down amateur race-car driver and First Pacific Advisors CEO Robert Rodriguez. Over the 10 years ended March 31, his FPA Capital Fund ranked No. 9 among small-cap value portfolios tracked by Morningstar. It ranked No. 2 so far this year going into Wednesday.
Few things seem to slow down amateur race-car driver and First Pacific Advisors CEO Robert Rodriguez. Over the 10 years ended March 31, his FPA Capital Fund ranked No. 9 among small-cap value portfolios tracked by Morningstar. It ranked No. 2 so far this year going into Wednesday.
By admin - Posted on April 2nd, 2008
Tagged: What a quarter. Most investors lost a bundle. One of the few who didn't: Bob Rodriguez, veteran manager of the mutual fund FPA Capital (FPPTX) . His returns through March 30: only minus-1.4%, according to preliminary data from Lipper Inc. That's way ahead of the market averages, which fell about 10%.
What a quarter. Most investors lost a bundle. One of the few who didn't: Bob Rodriguez, veteran manager of the mutual fund FPA Capital (FPPTX) . His returns through March 30: only minus-1.4%, according to preliminary data from Lipper Inc. That's way ahead of the market averages, which fell about 10%.
By admin - Posted on June 26th, 2007
Tagged: Bob Rodriguez - veteran value manager at First Pacific Advisers' FPA Capital (FPPTX) came into the year as a growling grizzly bear, braced for a slump and holding more than 40% in cash. So you'd expect him to be trailing badly as Wall Street has boomed instead.
The reality? He's whacking the cover off the ball. With one week left of the first half, the market -- as measured by the Standard & Poor's 500 index -- is up 6.2%. Bob Rodriguez: 14.2%. Even while keeping nearly half his fund in cash. That's like beating Wall Street with one hand tied behind his back.
By admin - Posted on May 31st, 2007
Tagged: FPA Capital Fund’s allocation to shortterm liquidity and bonds grew from 34.5% to 38.7%. This high liquidity level helped to retard Fund’s performance. Robert L. Rodriguez says "Some of you may be asking, why are we holding such an elevated level of liquidity? Should we not invest this so that we may either maximize returns or be more competitive with the returns being generated by the market averages as well as by other value funds? We think these are both good questions and we will attempt to answer them. Our liquidity level is the residual of investment opportunity. We do not attempt to forecast how much liquidity we should have. For many years, we had a minimal level of liquidity because attractive investment opportunities were quite abundant. This is not the case at the current time. As you may recall, we are an absolute value rather than relative value style investor. What this means is that we have a strict valuation methodology that does not shift with the winds of the stock or bond markets. We explained this philosophy in our initial shareholder letter in September 1984. This is what drives us in our investment selection process."
Bob Rodriguez - veteran value manager at First Pacific Advisers' FPA Capital (FPPTX) came into the year as a growling grizzly bear, braced for a slump and holding more than 40% in cash. So you'd expect him to be trailing badly as Wall Street has boomed instead.
The reality? He's whacking the cover off the ball. With one week left of the first half, the market -- as measured by the Standard & Poor's 500 index -- is up 6.2%. Bob Rodriguez: 14.2%. Even while keeping nearly half his fund in cash. That's like beating Wall Street with one hand tied behind his back.
By admin - Posted on May 31st, 2007
Tagged: FPA Capital Fund’s allocation to shortterm liquidity and bonds grew from 34.5% to 38.7%. This high liquidity level helped to retard Fund’s performance. Robert L. Rodriguez says "Some of you may be asking, why are we holding such an elevated level of liquidity? Should we not invest this so that we may either maximize returns or be more competitive with the returns being generated by the market averages as well as by other value funds? We think these are both good questions and we will attempt to answer them. Our liquidity level is the residual of investment opportunity. We do not attempt to forecast how much liquidity we should have. For many years, we had a minimal level of liquidity because attractive investment opportunities were quite abundant. This is not the case at the current time. As you may recall, we are an absolute value rather than relative value style investor. What this means is that we have a strict valuation methodology that does not shift with the winds of the stock or bond markets. We explained this philosophy in our initial shareholder letter in September 1984. This is what drives us in our investment selection process."
FPA Capital Fund’s allocation to shortterm liquidity and bonds grew from 34.5% to 38.7%. This high liquidity level helped to retard Fund’s performance. Robert L. Rodriguez says "Some of you may be asking, why are we holding such an elevated level of liquidity? Should we not invest this so that we may either maximize returns or be more competitive with the returns being generated by the market averages as well as by other value funds? We think these are both good questions and we will attempt to answer them. Our liquidity level is the residual of investment opportunity. We do not attempt to forecast how much liquidity we should have. For many years, we had a minimal level of liquidity because attractive investment opportunities were quite abundant. This is not the case at the current time. As you may recall, we are an absolute value rather than relative value style investor. What this means is that we have a strict valuation methodology that does not shift with the winds of the stock or bond markets. We explained this philosophy in our initial shareholder letter in September 1984. This is what drives us in our investment selection process."
