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FPA is an independent value-focused investment manager practicing a disciplined approach to investing, prudently seeking to generate attractive risk-adjusted returns while protecting capital over the long-term.
The FPA Advantage
Independence
As an independently owned firm, we have the freedom to design investment mandates that are tailored to our investors’ needs.
Alignment
We invest alongside our investors and prioritize performance over scale, even if it means deliberately limiting our assets under management.
Approach
We think in terms of decades and full market cycles. This long-term perspective supports patient investing and enables us to allocate capital with greater conviction.
Explore FPA Funds
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FPA Queens Road Small Cap Value Fund Small Value |
View FPA Queens Road Small Cap Value Fund fund details |
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FPA Queens Road Value Fund Large Value |
View FPA Queens Road Value Fund fund details |
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FPA Global Equity ETF Global Large-Stock Value |
View FPA Global Equity ETF fund details (opens in new tab) |
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FPA New Income Fund Short-Term Bond |
View FPA New Income Fund fund details |
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FPA Flexible Fixed Income Fund Nontraditional Bond |
View FPA Flexible Fixed Income Fund fund details |
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FPA Short Duration Government ETF Short Government |
View FPA Short Duration Government ETF fund details (opens in new tab) |
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FPA Crescent Fund Global Moderate Allocation |
View FPA Crescent Fund fund details |
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Source Capital Moderate Allocation |
View Source Capital fund details |
Value-Added Viewpoints
| News
FPA, an independent investment management firm with over a 70-year history of investing, is honored to have been nominated for the 2026 US Morningstar Awards for Investing Excellence, Exemplary Stewardship Award.
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| Quarterly Commentary, Webcasts
Quarterly commentary from the Crescent Fund team sharing insights on markets, portfolio positioning and performance.
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| Quarterly Commentary
Quarterly commentary from the Crescent Fund team sharing insights on markets, portfolio positioning and performance.
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