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Rating:Minimum Investment is Set to Quadruple
at Fairholme Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, November 20, 2009

Minimum Investment is Set to Quadruple at Fairholme Fund

News summary by MFWire's editors

Bruce Berkowitz's Fairholme fund is about to raise its required minimum investment. According to a filing with the SEC, on December 1 Fairholme's minimum initial investment will rise to $10,000 for regular and IRA investors. The minimum additional investment is $1,000.

Morningstar's Ryan Leggio reports that Fairholme raised its minimum from $2,500 to $10,000 because "Berkowitz prefers a higher investment minimum because it helps keep the fund's total expense ratio lower for all investors." 

Edited by: Neil Anderson, Managing Editor


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