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Rating:Fairholme Hikes Fixed Income Fees Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 08, 2011

Fairholme Hikes Fixed Income Fees

News summary by MFWire's editors

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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