Domestic stocks have proved resilient in a tumultuous 2016.
Will Bruce Berkowitz repeat, or will we have a new winner?
Following dismal performance and billions in investor outflows over the past several years, this fund faces serious liquidity risks.
Fairholme's Bruce Berkowitz says difficulties of recent years are clouding the progress many companies are now making.
Outflows add to the challenges facing active stock fund managers.
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.
Bonds and Fairholme Fund top the list of investments that have tried investors' patience.
A group of top managers remains cautious and commits more capital to traditional defensive sectors, while taking advantage of a rising (and potentially overvalued) market to book some gains.