A Top Fund Manager Takes the Feds to Task By Holmes Osborne About this article: Bob Rodriguez of First Pacific Advisors was kind enough to give RealMoney.com his thoughts on the markets. His flagship fund, FPA Capital Fund (FPPTX), has averaged 7.38% over the last 10 years, vs. 0.4% for the S&P 500 (as of Oct. 31, 2008). That's almost a 7% margin of outperformance! Rodriguez has been a step ahead of the financial turmoil that we have seen many times during the last few years. He has kept a large percentage of his portfolio in cash, and that has saved his clients this year. His numbers this year were even better until recently, when his oil explorers were sold off with everything else. When asked about his view of the government's actions in the crisis, his response was, "The Federal Reserve and Treasury have been on the wrong road and have been behind the curve of every stage of this crisis." When... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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