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Fairholme Opens Hedge Fund to Institutional Investors

WM – Star manager Bruce Berkowitz’s Fairholme Capital Management LLC is opening up its nine-month-old hedge fund to institutional investors, The Wall Street Journal reported on Sunday.

Launched on Jan. 1 by Miami-based Fairholme, the Fairholme Partnership LP hedge fund has grown to $140 million largely through investments by Berkowitz and his employees, according to the newspaper.

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