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ALL IN!

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

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CAUTION: DANGER AHEAD

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

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European Crisis – Internal Memo

I was up very late last night watching measures of European short term funding go to the highest levels seen since March 2009 during the last financial crisis. Had they risen about 2 basis points higher, we would have broken into a new and dangerous zone.

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More of the Same

During the financial crisis of 2007-2009 and subsequent periods, many short-term monetary and fiscal policy actions have been implemented with the goal of bolstering and then shifting the economy to a sustainable growth rate.

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Precautionary Measures

We currently find ourselves operating and managing our Absolute Fixed Income Strategy (including FPA New Income, Inc.) in an unprecedented environment

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Wait and Hope: Speech to Value Investing Congress

With regards to the present, a lack of clarity – and the past just conjures disappointment.

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Thumbnail for Comments on Insider Trading and the Use of Expert Networks

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Comments on Insider Trading and the Use of Expert Networks

In light of the recent news surrounding insider-trading and expert network probes by the FBI and SEC, we at FPA believe it important to inform our clients and shareholders of our policies relating to insider trading and our use of expert networks.

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Morningstar Keynote Speech – Reflections and Outrage

I am deeply grateful for having been selected three times for the Morningstar Manager of the Year award and being recognized for my work in both equity and fixed income management.

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The Elephant(s) in the Room

Amidst financial distress, one must act quickly. The government has problematically socialized risk and much has already been written on the topic.

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