MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, November 20, 2009 Minimum Investment is Set to Quadruple at Fairholme Fund 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." Printed from: MFWire.com/story.asp?s=23314 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |