MutualFundWire.com: Fairholme Hikes Fixed Income Fees
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Friday, April 8, 2011

Fairholme Hikes Fixed Income Fees


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.


Printed from: MFWire.com/story.asp?s=36501

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