FPA Crescent Fund 2Q16 Commentary – Gains On EnergyVW Staff
FPA Crescent Fund commentary for the second quarter ended June 30, 2016.
The FPA Crescent Fund (“the Fund”) returned 0.39% in the second quarter of 2016 and 0.19% in the first half of the year. This compares to 2.46% and 3.84%, respectively, for the S&P 500 and 0.99% and 1.23%, respectively, for the MSCI ACWI index.
In the most . . .
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