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Strategy Assets
$108M
Track Record
30 Years
Investment Objective
The Multi-Manager Long-Short Equity Strategy invests primarily with value managers who conduct deep research on both equity and debt investments. The strategy seeks managers who we believe have a fundamentally-driven research process.
Strategy Overview
A differentiated long-short equity strategy that allocates to value-oriented hedge fund managers. The strategy seeks to capture idiosyncratic alpha by leveraging deep manager due diligence, a long-term investment horizon, and a strong alignment of interest.
| Investment Style | Value, Absolute Return |
|---|---|
| Opportunity Set | Fundamental Equity (Global) |
| Approach | Multi-Manager |
| Strategy Assets | $108M |
| Sector Constraints | None |
| Illustrative Benchmarks | HFRI Fund of Funds |
| Strategy Inception | January 1995 |
| Vehicle Availability | Separately Managed Account |
Managed by Steven Romick, leveraging 30+ years of hedge fund underwriting experience and deep capital markets insight, with access to a wide network of managers built through decades of industry engagement and relationship building.
FPA’s internal investment capabilities provide a unique vantage point into manager strategies, exposures, and decision-making frameworks. The strategy seeks to allocate counter-cyclically — often investing with managers when others step back, based on our view of long-term fundamentals.
We allocate to managers where we believe transparency and alignment are strong. Long-term trust is a precondition of capital deployment.
We combine deep investment evaluation with robust operational oversight, seeking to ensure accountability and control.
Information Request
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