Tag Archives: Bruce Berkowitz

Chart of the Week: QE3’s Big Winners – Positioned for the Printing Press

While attention has focused on bond fund managers who benefited from the Fed’s much anticipated announcement of the next phase of Quantitative Easing (QE3) on Thursday September 13th, what happened with equity fund managers? Hindsight may be 20/20, but it is no secret that equity markets have responded ebulliently to past announcements; after all, money […]

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Chart of the Week: Reversal of Fortunes – Fairholme Fund

Fairholme (FAIRX), managed by Morningstar’s Domestic Equity Fund Manager of the Decade, Bruce Berkowitz, has been the top performing large-cap U.S. equity fund YTD 2012 (through June 22nd). After being at the bottom of the large-value category in 2011 with a 32% loss, investors are being rewarded so far in 2012. The below chart shows […]

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Fairholme (FAIRX) circa 2011: Two sides of the coin

Bruce Berkowitz’s fund has gotten a lot of media attention lately. Investors point to significant financial sector exposure and investments in AIG, BofA, Citi and St. Joe stock in particular as a drag on the fund’s 2011 results. While admitting on the conference call that the fund’s performance this year was “horrible” and the health […]

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Fairholme Fund Revisited

We continue to follow Fairholme Fund after posting a detailed attribution analysis of the fund on our blog early in the year.

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