Fairholme Focused Income Fund
is managed by Bruce Berkowitz
, one of the best investors among the newer generation. Voted as the Domestic-Stock Fund Manager of the Decade in 2009, Berkowitz is known for his relatively concentrated portfolio. He holds a relatively small number of companies, believing that the more diversified the portfolio, the more likely that the performance will be average. He targets deeply undervalued stocks with proficient management and strong free cash flow. His Fairholme Focused Income Fund
seeks current income, other forms of cash distributions, and capital preservation. To meet these objectives, the fund invests in a focused portfolio of cash distributing securities and has the flexibility to invest in numerous different securities, including corporate debt securities, government debt securities, bank loans, convertible bonds, and equity securities. The fund follows Fairholme's focused, multi-sector, value-based More...
FAIRHOLME FOCUSED INCOME FUND, BRUCE BERKOWITZ