Steve Romick's FPA Crescent Fund Still Conservatively Positioned: Q4 Letter

(via www.marketfolly.com)

Steve Romick's FPA Crescent Fund is out with its fourth quarter and 2012 year-end letter and commentary.  In it, he highlights how they've maintained conservative positioning due to concern over risk.

FPA Still Conservatively Positioned

Romick writes that,

"Artificial and...

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