Bruce Berkowitz on Bank of America

As Bruce Berkowitz’s Fairholme fund faces his worst year ever, aum has dwindled from $23billion to under $10b. This has been a result of both redumptions and large losses on financials. I noticed in late 2010 that Berkowitz was shifting his style and endangering the fund’s future. Here are two accompanying articles, which I have previously authored- Bruce Berkowitz: Where is the free Cash Flow? and Bruce Berkowitz: From Free Cash Flow to Distressed Financials Investor (September 25th, 2011).

Bruce Berkowitz recently released a document defending his investments, and explaining his stake in Bank of America:

Fairholme Stays the Course

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



Be the first to comment on "Bruce Berkowitz on Bank of America"

Leave a comment

Your email address will not be published.