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FPA Fund Manager Urges Global Investments Amid Market Volatility

4/14/2025

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Summary

Story summary

Steve Romick, co-manager of the FPA Crescent fund, urges caution due to stock market volatility and investor complacency.
He encourages US investors to explore global investment opportunities beyond domestic stocks.
Romick highlights potential long-term risks from current US tariff policies affecting international trade.
He adopts a cautious strategy, keeping 25% cash in the fund while seeking favorable stock valuations.

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Story summary

Steve Romick, co-manager of the FPA Crescent fund, urges caution due to stock market volatility and investor complacency.
He encourages US investors to explore global investment opportunities beyond domestic stocks.
Romick highlights potential long-term risks from current US tariff policies affecting international trade.
He adopts a cautious strategy, keeping 25% cash in the fund while seeking favorable stock valuations.