The Fairholme manager recently spoke to our analysts about his intentions for St. Joe, the fund's distinctive research-outsourcing model, and the new Allocation Fund.
As Bruce Berkowitz intensifies his bet on the financials sector, risk-averse investors may want to steer clear, say Morningstar’s Ryan Leggio and Kevin McDevitt.
In Part 1 of a Morningstar Conference interview with Don Phillips, the Fairholme manager discusses the fund's contrarian philosophy, operations, and size.
According to the Miami firm, the funds are closing in oder to prevent inflows from new investors from diluting the proportionate interests of existing fund shareholders.