's chief Bruce Berkowitz
said in a letter
to shareholders that his fund's poor performance last year 'makes little sense' and reminded investors that he was a top PM for a decade, reports
Frank Byrt of The Street
'In great years we ask shareholders not to be swayed by short-term performance," wrote Berkowitz. "The same is true in a bad year. One circling of the sun is too short a time to differentiate between good and lucky," said Berkowitz.
He added that: "We can only hypothesize from public comments that investors did not fathom our financial assets."
Stay ahead of the news ... Sign up for our email alerts now