Thumbnail for Letter to Board of Directors at Arconic dated May 4, 2017

| FPA Insights

Letter to Board of Directors at Arconic dated May 4, 2017

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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Thumbnail for Letter to Board of Directors at Arconic dated February 6, 2017

| FPA Insights

Letter to Board of Directors at Arconic dated February 6, 2017

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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FPA New Income Fund

| FPA Insights

Today’s Case for FPA New Income, Inc.

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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Thumbnail for Will Brexit spark a much-needed market revaluation?
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FPA Crescent Fund

| FPA Insights

Will Brexit spark a much-needed market revaluation?

Markets globally have reacted negatively to the British having voted to leave the European Union (EU) after more than four decades.

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Thumbnail for Don’t Be Surprised: Speech to CFA Society of Chicago

| FPA Insights

Don’t Be Surprised: Speech to CFA Society of Chicago

Steven Romick, CFA, speech to CFA Society of Chicago in June of 2015

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Thumbnail for The Importance of Full Market Cycle Returns

| FPA Insights

The Importance of Full Market Cycle Returns

A full market cycle can be defined as a peak-to-peak period that contains a price decline of at least 20% over at least a two-month period from the previous market peak, followed by a rebound that establishes a new, higher peak.

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Thumbnail for Speech to CFA Society of Reno

| FPA Insights

Speech to CFA Society of Reno

CFA Society of Nevada October 30, 2014 Robert L. Rodriguez, CFA Managing Partner and CEO First Pacific Advisors, LLC

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| FPA Insights

Speech at A Day with FPA

Robert L. Rodriguez, CFA, Managing Partner and CEO, speech at FPA Investor Day

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Default thumbnail for Presentation to CFA Institute: Fixed Income Portfolios in the New Frontier

| FPA Insights

Presentation to CFA Institute: Fixed Income Portfolios in the New Frontier

Find out what the Portfolio Managers are saying about the markets.

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