Two former Fairholme Capital Management
portfolio managers have launched their first offering, the GoodHaven Fund
, which is a no-load, go-anywhere mutual fund.
The PMs of the GoodHaven Fund are Larry Pitkowsky
and Keith Trauner
, former PMs with Fairholme Capital Management
(see The MFWire 01/19/2011
"For us, identifying a difference between the market value of a security and its intrinsic value is what defines an investment opportunity," stated Pitkowsky. "And with a flexible, go-anywhere mandate, we have the ability to focus the Fundís portfolio where we see the greatest values.Ē
The minimum initial investment is $10,000 for regular accounts and $2,500 for retirement, tax-deferred and UGMA/UTMA accounts.
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