LOS ANGELES--()--FPA, a leading practitioner of value investing, is pleased to announce that Melinda Newman has joined FPA's Absolute Fixed Income investment team as Senior Vice President. Ms. Newman reports to Tom Atteberry, portfolio manager of the Absolute Fixed Income Strategy, including FPA New Income, Inc. (FPNIX).
“Melinda is another great addition to FPA’s investment professional ranks”
"Melinda is a key addition to the Absolute Fixed Income team,” commented Mr. Atteberry. “Melinda’s skill set in credit-oriented securities will add immediate value to our investment capabilities. I expect her to play a key role on the team as well as lead initiatives around building on our current fixed income strategy."
"Melinda is another great addition to FPA’s investment professional ranks," said Rich Atwood, Chief Operating Officer and one of FPA's Managing Partners. “We have every expectation that the talent she brings to FPA will help to ensure the continued success of our fixed income capabilities."
“Joining FPA is truly an honor," said Ms. Newman. "FPA's independent thinking and investment approach have produced strong long-term results while protecting clients on the downside. I am excited about contributing to the fixed income strategy that FPA has successfully built over the past three decades.”
Prior to joining FPA, Ms. Newman was a Managing Director and Senior Portfolio Manager at Post Advisory Group, LLC from 2004 through 2012. Before Post, Ms. Newman was an investment analyst at Payden & Rygel and an associate in investment banking at Credit Suisse. She earned an MBA from The Wharton School, University of Pennsylvania, where she was a Palmer Scholar and a Bachelor of Arts from Wesleyan University where she was selected for Phi Beta Kappa membership. Ms. Newman lives in Santa Monica with her two children.
Led by Tom Atteberry, the FPA Absolute Fixed Income Strategy’s primary investment objective is current income and long-term total return. The Strategy also seeks to preserve capital and purchasing power over the long-term.
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 24 investment professionals and 64 employees in total. Currently, FPA manages $21 billion across four 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.
You should consider the Fund’s investment objectives, risks, and charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies, sales charges, and other matters of interest to the prospective investor. Please read this Prospectus carefully before investing. The Prospectus may be obtained by visiting the website at www.fpafunds.com, by email at email@example.com, toll-free by calling 1-800-982-4372 or by contacting the Fund in writing.
Investments in mutual funds carry risks and investors may lose principal value. The principal risks of the Fund include investing in fixed income securities, lower rated bonds, derivatives, and foreign securities. The Fund is subject to the risks involved in investing in the underlying fixed income securities.
The FPA Funds are distributed by UMB Distribution Services, LLC. 803 W. Michigan Street, Milwaukee, WI 53233.