Tuesday, 1 December 2015
Last updated 11 hours ago
Jan 17 2014 | 4:09am ET
Newly open to outside capital, Fairholme Capital Management's year-old hedge fund isn't disappointing.
The Fairholme Partnership returned 33% last year, in line with the broader markets and significantly more than the average hedge fund. Given the stock-market rally last year, it's no surprise: The fund is a long-only vehicle and had net exposure of 100% last year.
Fairholme opened the fund to investors in October, when it was up only 23%. The fund has since grown from $140 million to more than $200 million; Fairholme hopes to raise at least $1 billion from institutional investors for the vehicle.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…