Seeking Alpha
  • Energysystems
    There's one reason ESL investors are running for the exits in droves and why Fairholme Capital has gone from 22B to 7.86B in AUM..$SHLD
    6/22/13
    Reply (5)
    • techwonk: Unusual misstep for FAIRX, fund has an excellent track record, I was disappointed when they upped the min. investment req.
      6/22/13
    • Ghosts of Kariela: It's the reason why ESL investors are running, but not quite for FAIRX. the whole morningstar thing backfired on bruce berkowitz.
      6/22/13
    • techwonk: I don't know that story, only the part about Fernandez leaving them in a mess with a lotta AIG, BAC & JOE...
      6/22/13
    • techwonk: ...though the first two were every fund mgr's nightmare, not just bad stockpicking...I assume he's also the one who loaded up on Sears
      6/22/13
    • Ghosts of Kariela: He was named fund manager of the decade and a lot of retail money jumped into the fund. A bit of bad volatility and retail jumped ship
      6/23/13