Steven Romick's FPA Crescent Fund 3Q16 Webcast [Audio, Transcript And Slides]VW Staff
FPA Crescent Fund webcast audio, transcript And slides for the third quarter ended September 30, 2016.
Steven Romick – FPA Crescent Fund 3Q16 Webcast Audio
Steven Romick – FPA Crescent Fund 3Q16 Webcast Transcript
Steven Romick: In the third quarter, Crescent returned 5.29% versus the S&P 500’s 3.85% and the MSCI ACWI’s 5.30%. The big driver in the quarter was the rebound in the financial sector and an ongoing rally in high-yield bonds, both of which benefitted Crescent thanks to its 23% current exposure to financials and 6% to high . . .
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