The fund is not the only casualty, but it's one of the biggest.
Manager Bruce Berkowitz's new positions in the two government-sponsored enterprises' common shares signal a greater level of conviction in the future of Fannie and Freddie.
UPDATE: Puerto Rico's travails hit muni bond firm that bet big
Puerto Rico's travails hit muni bond firm that bet big
Bonds and Fairholme Fund top the list of investments that have tried investors' patience.
Plus, Wasatch Small Cap Growth closing, Brookfield buys Fairholme's General Growth equity stake, and more.
Fairholme Allocation bears a resemblance to its topnotch sibling
A promotion at Heartland Advisors, former Fidelity Magellan PM Jeffrey Vinik to shutter his hedge fund, and Southeastern readies another proxy fight.
Plus, AllianceBernstein to buy W.P. Stewart, FPA Paramount alters its focus, Fidelity to roll out a short-duration high-yield fund, PIMCO plans for a managed-futures fund, and a sad farewell to retired T. Rowe Price manager and 1995 Fund Manager of the Year Jack Laporte.
Six months after closing of $8 billion Fairholme Fund, Bruce Berkowitz will re-open to new investors next week.