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Fairholme is closing 3 of its funds to new investors as of the end of February. It's not about...
Fairholme is closing 3 of its funds to new investors as of the end of February. It's not about heavy inflows; instead Bruce Berkowitz is fed up with outflows and prefers a smaller, core group of investors who understand his deep-value process. Berkowitz might also be having trouble finding investments, having narrowed his holdings to basically just AIG, SHLD, BAC, JOE, CIT, LUK, and MBIA (GGP was sold last night).
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