Much has been made about the death of active management. Indeed, tech darlings like Amazon and Netflix have powered much of the global equity market’s returns in recent years. The goal of the FPA Crescent Fund is to generate equity-like returns over the long-term but take less risk than the stock market. Over more than two decades of investing, FPA Crescent has delivered on its stated goals. But in the face of seemingly infinite money printing, active management’s future appears less certain. Join Steve for a dynamic conversation on how to navigate the current economic environment without exposing investor capital to the myriad of risks in today’s equity and debt markets.

You will learn…

Steven Romick, CFA is a value investor and has managed the $14 billion FPA Crescent Fund since its inception in 1993. This Fund seeks to generate equity-like returns over the long-term take less risk than the market and avoid permanent impairment of capital. FPA Crescent has provided the best risk-adjusted returns of all allocation mutual funds according to Morningstar. Mr. Romick was awarded Morningstar’s U.S. Allocation Fund Manager of the Year (2013) and was a nominee for Morningstar’s Manager of the Decade (2009). Mr. Romick began his investment career in 1985 with Kaplan, Nathan & Co. as an analyst. In 1990 he started his own firm, Crescent Management, in order to focus on finding out-of -favor, low risk/high return investments in various parts of the capital markets. Mr. Romick earned a BS in Education from Northwestern University and is a CFA Charter holder.