The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Berkowitz Shakes Off Investors' Concerns Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 30, 2011

Berkowitz Shakes Off Investors' Concerns

News summary by MFWire's editors

Bruce Berkowitz isn't too concerned about the size of his $20 billion Fairholme Fund [see profile], even if his supporters are, InvestmentNews reports.

Fans of Berkowitz -- including Bob Weiss, director of research at Heritage Financial Services Inc., which has $20 million of invested with Fairholme, and Edward Kuresman, principal and portfolio manager at Madison Wealth Management, with $8 million in Fairholme -- think the Fairholme star "might be stretching himself too thin" and that his assets have grown substantially, but it may be hard to maintain that performance now.

For his part, Berkowitz said that 22.4 percent of the flagship fund is in cash, which has helped him take advantage of opportunities, as well as remain liquid. he also told the pub that his new Allocation Fund is designed for investors who are worried about the size of the Fairholme Fund. The smaller fund, which launched this year, has a similar strategy as the flagship fund and will be able to make small-cap bets.  

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use