Bruce Berkowitz's Fairholme fund is about to raise its required minimum investment. According to a filing with the SEC, on December 1 Fairholme's minimum initial investment will rise to $10,000 for regular and IRA investors. The minimum additional investment is $1,000.

Morningstar's Ryan Leggio reports that Fairholme raised its minimum from $2,500 to $10,000 because "Berkowitz prefers a higher investment minimum because it helps keep the fund's total expense ratio lower for all investors." 

Edited by: Neil Anderson, Managing Editor


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