Fairholme Provides Update on Fannie Mae and Freddie Mac
Domestic stocks have proved resilient in a tumultuous 2016.
Following dismal performance and billions in investor outflows over the past several years, this fund faces serious liquidity risks.
Will Bruce Berkowitz repeat, or will we have a new winner?
Outflows add to the challenges facing active stock fund managers.
Fairholme's Bruce Berkowitz says difficulties of recent years are clouding the progress many companies are now making.
Top managers continue to find opportunities for some new-money purchases, while taking full advantage of a rising stock market to book gains in shares trading above their fair value estimates.
Top managers continue to find opportunities for new-money purchases (albeit fewer than in past periods), while taking full advantage of a rising stock market to book some gains.