People

Bob Rodriguez

Bob Rodriguez

Formal First Name
Robert (Bob)
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Robert Rodriguez served as the Chief Executive Officer and Managing Partner of First Pacific Advisors for 25 years. He retired from FPA in 2016 following more than 33 years of remarkable service. During his tenure at the investment management firm, Rodriguez was the former portfolio manager of the small/mid-cap absolute-value strategy, including FPA Capital Fund, Inc. and the absolute-fixed-income strategy, including FPA New Income, Inc.

Professional Experience


Academic History

EARLY LIFE AND CAREER

  • Rodriguez was born in Los Angeles, California as the son of an electroplater.
  • He has been an investment junkie since the fifth grade. He wrote to then-Fed Chairman William McChesney Martin as part of a school assignment and became a subscriber to the Federal Reserve Bulletin.
  • He said that a movie he saw when he was 12 about the New York Stock Exchange sparked his interest in investing.
  • After graduating from the University of Southern California in 1971, he followed a "hot growth" stock strategy until the 1973 to 74 bear market.
  • He adopted a Graham & Dodd approach to stock analysis while studying for his MBA at USC.
  • He started his financial career at Transamerica Investment Services and served as a senior portfolio manager at Kaufman & Broad.
  • He joined First Pacific Advisors in 1983.

NOTABLE ACHIEVEMENTS
  • Rodriguez scored a phenomenal record: The FPA Capital Fund, which he managed from 1984 to 2009, had an annualized return of 14.2% during his.
  • The FPA New Income Fund’s annualized return came to an impressive 8.8% under his management.


ROBERT RODRIGUEZ ON INVESTMENTS 2020

  • In recent years, Rodriguez has personally invested in—and intends to continue to buy—rare commodities and collectibles.
  • He has not had direct ownership of equities since 2016. 
  • He wants to invest in areas where there is a minimum of governmental interference. 


AWARDS AND RECOGNITIONS