Updated Thursday, April 17, 2014 as of 8:21 PM ET
The FPA's Dilemma
Tuesday, November 1, 2011

As I walked through the FPA Experience convention in San Diego six weeks ago, there was something oddly familiar about the scene. The hall was full of insurance companies selling investment products. There were big, generic, load mutual fund companies that are better at marketing than generating investment returns, and non-traded REIT companies offering basically illiquid investments.

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