One of Bruce Berkowitz's three mutual funds just got more expensive. On March 30, Fairholme Capital Management [see profile] cut the fee waiver on the Fairholme Focused Income Fund by 25 basis points, boosting its expense ratio to 77 bps [see filing].

Bruce Berkowitz Fairholme Capital Management Founder and Portfolio Manager

Via Morningstar "Fund Times" column, Kailin Liu reported on the change. According to Morningstar, the fund holds about $500 million. Fairholme's filing provided no explanation for the fee increase. 

Edited by: Neil Anderson, Managing Editor


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