Fairholme Partnership Up 33%

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.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of