Mr. Romick is Co-Managing partner of First Pacific Advisors, LLC, a Los Angeles-based investment manager with $19.2 Billion under management in equity, fixed income, and alternative strategies.
Mr. Romick is a value investor with a proven ability to build strategies with an absolute return focus that have generated superior risk-adjusted returns over full market cycles. As part of the Contrarian Value Strategy that he spearheads, Mr. Romick has managed the $8.8 billion FPA Crescent Fund since its 1993 inception.
FPA Crescent has provided the third best risk-adjusted returns of all domestic mutual funds that invest in equities and have been managed by the same party since its inception, and is number one compared with those with assets under management greater than $1 billion according to Morningstar.* As of March 31, 2012, the FPA Crescent Fund carries a Morningstar 5-star rating. Mr. Romick was also nominated for Morningstar’s Domestic Manager of the Decade Award (2009).
Mr. Romick also co-manages hedge funds in the Hawkeye and Multi-Advisor strategies.
He began his investment career in 1985 with Kaplan, Nathan & Co as an analyst. He started his own firm, Crescent Management, in 1990 in order to focus on finding out-of-favor, low risk/high return investments in various parts of the capital markets.
Mr. Romick serves as a member of Arden Group, Inc. Board of Directors and as its Audit Committee Chair. His philanthropic involvement includes serving as a member of the Board of Directors of Cedars Sinai Medical Center, Our House, and Phase One.
Mr. Romick earned a BS in Education from Northwestern University and is a CFA Charter holder.
*Based on sortino ratio from July 1,1993 through June 30, 2012. As of June 30, 2012, there are 147 distinct balanced and US stock funds run by managers with more than 19 years of tenure.
Of those funds, 74 had more than $1b in assets.