Bruce Berkowitz: "Mutual funds are great vehicles…They’re transparent."
Bruce Berkowitz, founder of Fairholme Capital Management, spoke with Bloomberg TV’s Erik Schatzker about moving beyond mutual funds, his decision to close existing funds to new investors and why he likes financials. Berkowitz on mutual funds…
“Mutual funds are great vehicles…They’re transparent. They give investors daily liquidity. They’re highly regulated. But there are also constraints that go along with that.”
Berkowitz, who is raising money for a partnership that takes minimum investments of $1 million, said
Source: BLOOMBERG TELEVISION