MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 8, 2011 To Sell or Not to Sell Fairholme Fund? WSJ Tackles the Question 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. Printed from: MFWire.com/story.asp?s=38283 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |