FPA Capital Fund is a Los Angeles-based deep value mid-cap investment fund. Its investment philosophy is to exploit market inefficiencies among stocks of small- to mid-cap companies. Their selection process is designed to minimize risk by selecting companies with market leadership, long-term histories of profitability, financially strong balance sheets and high quality management. The fund holds its investments for a long time (5 years) and has a low turnover ratio. In its fourth-quarter...
