Fairholme is closing its series theFairholme Fund(FAIRX),Fairholme Focused Income Fund (FOCIX) andFairholme Allocation Fund(FAAFX) to new investors as of Feb. 28.
According to the Miami firm, the funds are closing in oder to prevent inflows from new investors from diluting the proportionate interests of existing fund shareholders. In addition, the funds with their current assets are "well positioned to fund current operations and make new investments."
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