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News & Insights
| Fund Announcements
The Board of Directors of Source Capital, Inc. today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months.
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| FPA Insights
Due to elevated valuations in many of the equities we own and a lack of distress or adequate yields in the credit markets, the FPA Crescent Fund (“the Fund”) began 2020 with a net equity exposure of ~57%
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| Quarterly Commentary
Interim Fund Update as of March 20, 2020
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| FPA Insights
Due to elevated valuations in many of the equities we own and a lack of distress or adequate yields in the credit markets, the FPA Crescent Fund (“the Fund”) began 2020 with a net equity exposure of ~57%
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| FPA Insights
Due to elevated valuations in many of the equities we own and a lack of distress or adequate yields in the credit markets, the FPA Crescent Fund (“the Fund”) began 2020 with a net equity exposure of ~57%
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| FPA Insights
Rarely do intermediate and high-yield bonds look risky at the same time. However, it appears they are both risky today. Intermediate-term bonds are barely yielding more than short-term bonds, and “high-yield” bonds are not yielding much more than high quality bonds.
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| FPA Insights
Due to elevated valuations in many of the equities we own and a lack of distress or adequate yields in the credit markets, the FPA Crescent Fund (“the Fund”) began 2020 with a net equity exposure of ~57%
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| FPA Insights
As you know, I have argued for the removal of the legacy directors. Today’s announcement is a step in the right direction.
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| FPA Insights
First Pacific Advisors, LLC (“FPA”) currently beneficially owns approximately 20.1 million shares of Arconic Inc. (“Arconic” or the “Company”), which represents over 4.5% of the Company’s shares.
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