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Berkowitz's 3rd-Quarter Reductions Have Big Impact on Portfolio

2015-12-30 01:16:20| Paper - Topix.net

Bruce Berkowitz of Fairholme Capital Management made some big buys in the third quarter and comparatively fewer reductions, but his top two reductions were his largest transactions in terms of the impact on his portfolio. Berkowitz's most significant third-quarter reduction was his sale of more than 96% of his stake in American International Group Inc. , a New York-based insurance and financial services company.

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