The press has more bad news for Bruce Berkowitz
. Yesterday the Wall Street Journal
's Tom Lauricella urged
shareholders of Berkowitz' flagship Fairholme Fund [see profile]
to consider ditching the fund.
The WSJ notes that investors have pulled almost $6 billion out of the fund year-to-date -- it started the year with $20 billion. The paper suggests that Fairholme Fund shareholders whose shares have lost value should simply sell to take advantage of the loss for tax purposes.
Neil Anderson, Managing Editor
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