2012 11:00 a.m. ET Executives Bruce Berkowitz - Chairman Ken Borick - SVP, Counsel ..... Springer - Target Capital Presentation Bruce Berkowitz Good morning ladies and gentlemen. I am Bruce Berkowitz , Chairman of the Board of The St
29, 2012. The fund was launched with a 0.50% expense ratio, but that included a 50-basis-point fee waiver that Bruce Berkowitz and the fund's board allowed to lapse. That takes it from a cheap conservative-allocation fund to a pricey one. So
money managers bounced back in the first quarter thanks to the stock market's big rally. But few came back quite as strongly as Fairholme Fund's Bruce Berkowitz , who is already within sight of recovering all of last year's loss.
the runup, it might be tempting to send more money to the hot hand in your portfolio, whether it's Fairholme 's FAIRX Bruce Berkowitz or the financials exchange-traded fund you bought on a lark. Alternatively, valuation-conscious investors might be
After a miserable 2011, Bruce Berkowitz s fund has bounced back sharply this year. But we still think it s too risky for most investors.
additional challenge of distinguishing themselves from one of the most iconic managers of the past decade, Fairholme's Bruce Berkowitz . Launching a new firm is easier for some mutual fund companies than for others. The founders of Marsico, Causeway, Wintergreen
St. Joe's former CEO; John Lord, Walter Revell, and Michael Ainslie all resigned immediately and were replaced by Bruce Berkowitz , Charlie Fernandez, Howard Frank, and former Gov. Charlie Crist. Last fall, Tom Fanning left the board and was replaced
differences can be rather dramatic. M* Manager of the Decade designation has been bad for Bill Miller ( LMVTX, LMOPX ) and Bruce Berkowitz ( FAIRX ). Pg 36: A year after the Japanese 3-11 (earthquake and tsunami), and as the yen safe-haven trade is unwinding
something that some fund managers will do), it's just that they are cognizant of where they are relative to the market. Bruce Berkowitz , for example, the manager of the Fairholme FAIRX fund, is fully aware of the fact that the equity portion of his investment
roughly one year of service representing the longest tenure among them. We think an entirely new senior team is probably what Bruce Berkowitz had in mind when he took over the chairmanship in early 2011, and this latest hire may be the culminating event. Some