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Baron's Fairholme Sweet Fairholme

January 16, 2010 | About:
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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StreetAuthority, LLC is a research-intensive financial publishing firm that aims to level the playing field for small investors by giving them access to the ideas and insights of some of the country's top investment researchers, analysts and writers. Although we specialize in income and international investment research, we publish a wide variety of newsletters that are geared towards helping EVERY kind of investor profit from today's volatile marketplace. Visit StreetAuthority.

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