There are no details about the reason of his departure from
the Fairholme firm. Fernandez joined the Fairholme fund in 2008.
October 27, 2011
Charlie Fernandez left Fairholme Capital Management
Charlie Fernandez, the comanager on the Fairholme mutual funds,
has left the firm recently. Fernandez was the comanager of Fairholme (FAIRX) fund,
Fairholme Focused Income (FOCIX) fund, and Fairholme Allocation (FAAFX) fund.
This left these funds with the only manager, Bruce Berkowitz. Berkowitz is the
firm’s founder. He is among one of the well-known fund’s manager. His recently
bet on financial services has made the funds to underperform. Based on latest
fund’s performance, the fund’s has loss 26% of its assets.
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