Pierre O. Py and Eric J. Bokota have joined the firm as Vice Presidents and Portfolio Managers to oversee the Strategy. Both were formerly international research analysts at Harris Associates, LP.
The International Value Strategy will be available to institutions, and FPA anticipates launching a mutual fund. The Strategy will seek to provide above-average capital appreciation over the long term while attempting to minimize the risk of capital losses. Py and Bokota will employ a value investment philosophy that is consistent across FPA’s strategies: a focus on absolute value, bottom-up analysis, and downside protection.
Py and Bokota will also assist with FPA Paramount Fund’s new global focus. Py will join Eric Ende, Steve Geist, and Greg Herr as a Co-Portfolio Manager, and Bokota will aid as a Research Analyst.
According to the announcement, prior to Harris, Py was a Principal Investment Analyst at Goldman Sachs and Investment Banking Associate at Salomon Brothers. He earned an MSc in Management – Grande Ecole at HEC Paris and an MBA from Harvard Business School. He also holds an LLM in International Business and Tax Law and is a former student of the Paris Institute of Political Studies.
Prior to Harris, Bokota was a Research Associate at Brandes Investment Partners. A Chartered Financial Analyst, he earned a BS in Finance from Miami University in Oxford, Ohio.