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Rating:Berkowitz Loses Another PM Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 20, 2011

Berkowitz Loses Another PM

News summary by MFWire's editors

Charles Fernandez, has resigned as co-PM of Fairholme Fund's [see profile] flagship fund, Morningstar reports. Fernanadez was also co-PM of the Fairholme Focused Income and the Fairholme Allocation fund.

Fernandez's resignation from the firm was effective October 17, according to regulatory filing. He joined Fairholme in 2008, and Berkowitz reportedly said at the time that he would use Fernandez's expertise in corporate restructurings to make contrarian and deep-value bets, such as his much-maligned bet on St. Joe.

Another pair of former Berkowitz disciples, Keith Trauner and Larry Pitkowsky, left the firm and launched their maiden offering this year. 

Edited by: Hung Tran

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