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Baron's Fairholme Sweet Fairholme

January 16, 2010 | About:
guruek

guruek

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BRUCE BERKOWITZ, WHO LAUNCHED FAIRHOLME back in December 1999, was named Morningstar's domestic-equity-fund manager of the decade. He's also Morningstar's fund manager of the year for 2009.

What does he do for an encore?

He launches the new Fairholme Focused Income Fund (ticker: FOCIX). Like the flagship, it has no load. The fee is 0.50%, but could go up to 1%.

"A big part of the battle is to attract great shareholders" -- investors with a long time frame -- says Berkowitz, whose flagship Fairholme Fund (FAIRX) won kudos from Barron's last year (see "Six Great ...

Complete reading the story at Baron's (subscription is required, sorry for the inconvenience)


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