Mutual fund rules make it impossible to add to his AIG, BAC, and SHLD positions, says Bruce...

|By:, SA News Editor

Mutual fund rules make it impossible to add to his AIG, BAC, and SHLD positions, says Bruce Berkowitz, explaining to Bloomberg why he's closing the Fairholme Fund to new money. Does he want to own more? Yes, he says, hinting at a new vehicle (the Fairholme Partnership) which might allow him to do so.