FYI: Bruce Berkowitz's Fairholme Fund, known for its big swings in performance, rode out the recent volatility in the stock market better than any of its peers.
The $5.1 billion fund lost 2.9% in the month ended Sept. 1, the best among 560 U.S. equity funds with at least $1 billion in assets, according to data compiled by Bloomberg. The S&P 500 Index fell 9% in the same period.
Regards,
Ted
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