Fairholme big looking for new home after surprise exit
You wouldn't blame Bruce Berkowitz if he thought the world was ganging up on him. This year, he's been embroiled in a boardroom fight at St. Joe's. Clients have withdrawn billions from the firm's mutual funds. Meanwhile, Berkowitz' big bets on big financial companies have failed to pay off so far. And now, Charles Fernandez, co-manager of the firm's flagship fund, has resigned unexpectedly.
It's been a rough patch of late for Bruce Berkowitz, the head of Fairholme Capital Management, LLC. Things didn't get any better yesterday.
The firm announced that Charlie Fernandez, president and Portfolio Manager at Fairholme -- and co-manager with Mr. Berkowitz of the firm's flagship Fairholme
Learn more about reprints and licensing for this article.
