News Column

Steven R. Geist Retires as Co-Manager of FPA Small Mid-Cap Quality Strategy

May 30, 2014

LOS ANGELES--(BUSINESS WIRE)-- FPA, a leading practitioner of value investing, today announced that Steven R. Geist, Co-Manager of the Small Mid-Cap Quality strategy, including Source Capital and FPA Perennial Fund, will retire from his day to day portfolio management responsibilities effective May 30, 2014. He will continue as an Advisor to the strategy until he retires as a Partner from FPA on December 31, 2014. Eric S. Ende and Gregory A. Herr will continue in their roles of Co-Managers of the Small Mid-Cap Quality strategy, including Source Capital and FPA Perennial Fund.

"Steve has been a valued partner and friend for the past 22 years. We would like to thank him for his service and contributions he has made to FPA," said J. Richard Atwood, Managing Partner and Chief Operating Officer of FPA.

FPA's Small Mid-Cap Quality strategy team remains committed to its investment philosophy and process which has allowed them to achieve their excellent long-term track record. Their discipline, long-term focus, patience, and our loyalty to our absolute valuation criteria will remain firmly in place.

About FPA

FPA is a leading practitioner of value investing. Providing a prudent place to invest, the firm focuses on generating superior returns over the long-term, coupled with capital preservation. FPA fosters a culture that promotes high ethical standards. Located in Los Angeles, California, FPA is independently owned, with 30 investment professionals. Currently, FPA manages $30 billion across five equity strategies and one fixed income strategy. FPA's equity and fixed income styles are linked by a common fundamental value orientation. Our goal is to provide a consistent, risk-averse and disciplined approach to long-term investing in individual securities with the objective of achieving superior total returns for client portfolios.


Tucker Hewes

Hewes Communications, Inc.

(212) 207-9451

Source: FPA

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Source: Business Wire

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