TD Ameritrade raises its no-load fund platform fee, and more.
Bruce Berkowitz's Fairholme Capital Management revealed this week in a 13G filing with the SEC that it is now the largest American International Group
The firm's 15 million shares are worth approximately $600 million as of April 15. The next largest shareholder, Vanguard, owns about 6.8 million shares through various mutual funds.
Fairholme also owns convertible debt and other bonds in the firm.
Earlier this year Fairholme revealed big positions in other recovering financial companies including Citigroup
Berkowitz, who first disclosed the stake in AIG in public interviews in March, said he began acquiring shares in the company in the second half of 2009 when cash flows started to turn positive.
The stock has rallied 32.5% this year compared with 9.2% for the S&P 500 through April 14. Fairholme
TD Ameritrade Hikes Fund Platform Fee
Online broker TD Ameritrade
MFS Chairman Stepping Down
On July 1, Robert Manning will take over as chairman of MFS Investment Management for Robert Pozen. Pozen, who will become chairman emeritus, said he will retire from the firm at the end of 2011.