By Charles Rotblut (Guest Post)
Even good mutual fund managers can have bad quarters. Such was the case last quarter for Bruce Berkowitz of Fairholme (FAIRX), which ranked among the worst-performing domestic stock funds covered by our Quarterly Low-Load Mutual Fund Update. FAIRX lost 7.3% last quarter and is now down 9.5% year-to-date. Disappointing results, but they follow years of comparatively strong performance. Fairholme topped its domestic peers on an annual basis for nearly all of the past decade. Chart Source: Yahoo Finance (added by EconMatters) When looking at a mutual fund with a…
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