Steven Romick

Steven Romick is a Managing Partner of FPA LP, a Los Angeles-based investment manager with approximately $24 billion under management in equity, fixed income, and alternative strategies. Mr. Romick is a value investor and has managed the nearly $8.5 billion FPA Crescent Fund since its inception in 1993. This Fund seeks to generate equity-like returns over the long-term, take less risk than the market, and avoid permanent impairment of capital. FPA Crescent has provided the best risk-adjusted returns of all allocation mutual funds (with assets over $1 billion) that invest in equities and have been managed by the same manager since its inception, according to Morningstar. Mr. Romick was awarded Morningstars U.S. Allocation Fund Manager of the Year (2013) and was a nominee for Morningstars Domestic Manager of the Decade (2009) and Morningstars U.S. Allocation/Alternatives Fund Manager of the Year (2016). Mr. Romick began his investment career in 1985 with Kaplan, Nathan & Co. as an analyst. In 1990 he started his own firm, Crescent Management, in order to focus on finding out-of-favor, low-risk/high-return investments in various parts of the capital markets.