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Fairholme Fund Down 32.4% for 2011; Assets Shrank to $6.9 Billion

Holly LaFon
Holly LaFon
Bruce Berkowitz’s Fairholme Fund (FAIRX) released its official results for a brutal 2011 on Monday. The fund is down 32.4% for 2011, and its assets under management shrunk to $6.96 billion from about $21 billion at the beginning of 2011.

The fund also beat 0% of the 301 multi-cap value funds tracked by Lipper last year. It beat 82% of all multi-cap value funds tracked by Lipper on a 10-year basis. Since inception, $10,000 invested in the Fairholme Fund would be worth $29,931 at December 31, 2011, and worth $10,723 if invested in the S&P 500.

Berkowitz’s top holdings continue to be: American International Group Inc. (AIG), AIA Group Ltd. (AAIGF.PK), Sears Holdings Corp. (SHLD), Berkshire Hathaway Inc. (BRK.B) and Brookfield Asset Management Inc. (BAM).

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Bruce Berkowitz
(Updated on 05/24/2012)

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Comments

fareastwarriors
Fareastwarriors - Jan 30, 2012 at 8:21 PM
How can the 30-day SEC yield be negative?

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