What a quarter. Most investors lost a bundle. One of the few who didn't: Bob Rodriguez, veteran manager of the mutual fund FPA Capital (FPPTX:FPA Capital) . His returns through March 30: only minus-1.4%, according to preliminary data from Lipper Inc.
That's way ahead of the market averages, which fell about 10%.
It's not a blip, either. Mr. Rodriguez has a great track record going back decades. Over the past 10 years, his fund has generated three times the returns of the market averages, turning $10,000 into about $25,000.
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That's way ahead of the market averages, which fell about 10%.
It's not a blip, either. Mr. Rodriguez has a great track record going back decades. Over the past 10 years, his fund has generated three times the returns of the market averages, turning $10,000 into about $25,000.
Read the complete article
