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.
Many of our favorite value-leaning funds have been investing in the sector for a long while.
Bonds and Fairholme Fund top the list of investments that have tried investors' patience.