FPA's Rodriguez Is Back
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Three-time Morningstar Manager of the Year winner Bob Rodriguez of FPA Capital returned from his one-year sabbatical in January (we noted his pending sabbatical back in March 2009). He hasn't resumed portfolio management duties on FPA Capital (FPPTX) and FPA New Income (FPNIX) but is serving as the firm's CEO and focusing on broad macroeconomic issues.
Both funds will continue to be ably run by the managers who took over when Rodriguez stepped back. FPA Capital is run by Dennis Bryan and Rikard Ekstrand (who had both been comanagers on the fund with Rodriguez), while FPA New Income is run by Tom Atteberry, who was named comanager in 2004.
Courtney Goethals Dobrow does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.