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

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

Rating:For Three Popular PMs, It's Been a Rough Year so Far Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 14, 2011

For Three Popular PMs, It's Been a Rough Year so Far

News summary by MFWire's editors

This year has not been a good one so far for Bruce Berkowitz of Fairholme Capital Management [see profile], Ken Heebner of CGM [see profile], and Bill Miller of Legg Mason [see profile]. Citing Morningstar data, Bloomberg notes that the funds helmed by the popular stock-pickers are the three worst performers so far this year among the funds' peers in the large diversified U.S. mutual fund space.

Through June 9, the funds lost 11 percent to 12 percent. Meanwhile, the Standard & Poor's 500 index advanced 3.4 percent during the period.

In his keynote appearance at the Morningstar conference last week, Berkowitz told the audience that Fairholme Fund is undergoing a "painful period." 

Edited by: Armie Margaret Lee


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
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:
Raw XML
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