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Romick: No Pay for Play in the Market

Seeing few opportunities that meet their risk-reward criteria, the team at FPA Crescent--winner of Morningstar's 2013 Allocation Fund Manager of the Year award--is sticking to its discipline and letting cash build, says manager Steve Romick.

Romick: No Pay for Play in the Market
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Dan Culloton: The winners of Morningstar's 2013 Manager of the Year award in the Allocation category are Steve Romick, Mark Landecker and Brian Selmo of FPA Crescent.

My name is Dan Culloton with Morningstar. I am here with Steve Romick of FPA Crescent to talk about the award, and the year of 2013 for them.

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Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.