Obama and the EXEMPT treasonous Congress HATE
AMERICA except for what it gives them, and what
they can steal — being EXEMPT.
Maybe the best mutual fund manager in America, Steve Romick, has decided again, go against whatever the Sunni Potus, Obozo and his thugs say to do.
This Value Guru Just Made A Huge Investment In Russia
A current favorite: Los Angeles-based First Pacific Advisors (FPA). Morningstar anointed Steve Romick, the fund manager behind the FPA Crescent Fund (Nasdaq: FPACX), as the “2013 Asset Allocation Manager of the Year.” That five-star fund gets a “gold” rating from Morningstar.
As Morningstar notes, “Romick seeks securities trading at a substantial discount to what he believes they’re worth. When opportunities are scarce, he will let cash pile up.” That appears to be the case right now. “We are about as bearish as we’ve ever been,” he said at an investment conference last month, noting that his cash position has risen to 40%.
[More from StreetAuthority.com: This Value Guru Just Made A Huge Investment In Russia]
But this fund manager has spotted value in a very controversial place: Russia.
According to recent filings, he has established positions in oil and gas giants Lukoil (LUKOY), Gazprom (OGZPY) and Rosneft (OJSCY).
http://finance.yahoo.com/news/value-guru-just-made-huge-180000418.html
Everything this man touches results in the opposite intentions. He remains vastly ignorant of International Affairs.
Fixed. Some things can't be saved.