Romick Holds Cash Like Klarman in ‘Free-Range Chicken’ Fund

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Charles Stein

“We like outsourcing the asset-allocation decision to someone who does a good job of it,” said Steven Roge, a portfolio manager at R.W. Roge & Co., and an investor in FPA Crescent. Roge, whose Bohemia, New York, firm oversees about $200 million, said Romick has shown he can handle the freedom.

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