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Bruce Berkowitz Interview: Why He Closed His Funds
Posted by: GuruFocus (IP Logged)
Date: February 4, 2013 08:21AM
Bruce Berkowitz probably learned a lesson or two from the cash flood into and out of his funds in 2011. He now closes the funds to new investors.
Bruce Berkowitz discusses his reasons for not accepting cash from new investors and why he can accept having a bad year in 2011. He spoke with Bloomberg's Erik Schatzker at Columbia University.
I Don't Want New Cash
Berkowitz Says Now Is Not Time to Sell Financials
Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Stocks Discussed: BAC, AIG, SHLD,