Smith Barney veteran Bruce Berkowitz started Fairholme Capital Management in June 1997 and launched the Fairholme Fund in 1999.
Berkowitz is a noted follower of the value-based, focused investment strategy of Warren Buffet. Typically his flagship equity fund holds just 15 to 25 stocks. At one point in 2010 it held as few as 10.
With that investment strategy Berkowitz has become one of the fund industry's new stars. Morningstar named Berkowitz its Domestic Equity Fund Manager of the Year for 2009. A week later it named him its Domestic Equity Fund Manager of the Decade for the aughts.1
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