Approval has been given by the Board of Directors of Fairholme Funds to reopen The Fairholme Fund (FAIRX) to new investors.
Effective August 19, the Fairholme Fund began offering its shares to new investors and accepting orders for the purchase of fund shares from same. The decision to once again allow new investors was based on the expectation that, given its current holdings, investment opportunities and liquidity, these new inflows can be invested in a manner that is consistent with the fund’s objective and strategies.
