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Fairholme Fund run by Bruce Berkowitz just released their year end letter. To say Bruce Berkowitz had a bad year is an understatement. Not only did the fund drop by more than 32%, but assets under management (aum) also dropped
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Financial News with emphasis on Value Investing, Hedge Funds and Asset Managers
Posts Tagged ‘ aig ’
Fairholme’ Brutal Year: Performance -32%, AUM Declines 70%
Jamie Dimon “Impact of Greek Default on US Banks Zero”
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The impact of a Greek default on American banks would be negligible, JP Morgan Chase CEO Jamie Dimon told CNBC on Thursday, and while there are chances of a bad outcome in Europe, he is not concerned about unpleasant surprises
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One Goldman Sachs Conspiracy Theory Put To Rest
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Approximately two months ago Hank Greenberg( former CEO of AIG) came out with some nasty comments regarding Goldman Sachs. I was immediately inspired to write an article on Seeking Alpha about the hypocrisy of Hank Greenberg attacking Goldman Sachs(the article
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Book Review: Too Big to Fail by Andrew Ross Sorkin
This is my sixth book review on a series of books on the financial crisis. To see my previous reviews check out my previous articles. The book is Too Big to Fail by Andrew Ross Sorkin. Sorkin is a …
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