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Rating:To Sell or Not to Sell Fairholme Fund? WSJ Tackles the Question Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, November 08, 2011

To Sell or Not to Sell Fairholme Fund? WSJ Tackles the Question

News summary by MFWire's editors

The press has more bad news for Bruce Berkowitz. Yesterday the Wall Street Journal's Tom Lauricella urged shareholders of Berkowitz' flagship Fairholme Fund [see profile] to consider ditching the fund.

The WSJ notes that investors have pulled almost $6 billion out of the fund year-to-date -- it started the year with $20 billion. The paper suggests that Fairholme Fund shareholders whose shares have lost value should simply sell to take advantage of the loss for tax purposes. 

Edited by: Neil Anderson, Managing Editor

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