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 |
|
Monday, October 7, 2013 Berkowitz Goes to the Other Side These days, hedge funds are entering '40 Act Country by the truck load. But every once in a while you come across something much unexpected: a mutual fund manager going the other way to enter the hedge fund jungle. Juliet Chung at The Wall Street Journal reported yesterday that star mutual-fund manager Bruce Berkowitz is opening up his relatively new hedge fund to institutional investors. Berkowitz, the president of Fairholme Capital Management [profile], launched the hedge fund on January 1. According to Chung, it has grown to $140 million with money largely from Berkowitz himself and his employees. Printed from: MFWire.com/story.asp?s=46339 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |