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Fund Times

Fairholme to Launch Focused Bond Fund

Berkowitz expands into fixed income.

Mentioned:

Faiholme's Bruce Berkowitz has filed to launch a focused bond fund.

Fairholme Focused Income Fund will invest in corporate bonds, government bonds, convertibles, and or preferred shares. The idea of a focused portfolio of bonds is rather unusual as most bond funds try to diversify away issue specific risk for the benefit of conservative investors.

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.