Hints and tips:
Related Topics
...Other defendants named in the suit include Bruce Berkowitz’s fund Fairholme Capital, which was another shareholder, as well as former Sears directors including Mr Mnuchin and Mr Berkowitz....
...For hedge funds with shares in the pair — including Perry Capital, Pershing Square and Fairholme Funds — the change proved disastrous....
...The question now is whether the independent directors and other big investors like Bruce Berkowitz's Fairholme Capital Management, will agree with Lampert that ESL's offer is on "fair and reasonable terms...
...Yet these battered stocks still remain thinly owned by hedge funds, with only a few diehard backers of certain stocks owning them in significant size, such as Bruce Berkowitz’ Fairholme Capital with its...
...Bruce Berkowitz, the well-followed value investor, has held a large amount of his Fairholme fund in shares of Sears for many years, with the fund currently holding a quarter of its assets in the retailer...
...Shareholders including Fairholme Funds sued. After a fierce fight from the government, a court ordered some official documents to be handed over to the complainants, which are being unsealed this week....
...The plunge caused hefty paper losses for investment groups that are Fannie and Freddie investors, including Bruce Berkowitz’s Fairholme Funds and Bill Ackman’s Pershing Square....
...They include Claren Road Asset Management (assets down 90 per cent in two years) and Fairholme Funds (a mutual fund manager that has underperformed benchmarks lately)....
...Assets at Claren Road Asset Management have shrunk 90 per cent in two years, and Fairholme Funds, a mutual fund manager, has underperformed benchmarks....
...The founder of Fairholme Capital Management bet on the preferred shares in 2012 and then came a cropper on unrelated investments....
...Perry Capital and Fairholme Funds on Monday fired their latest salvo in a battle with the US government over Fannie Mae and Freddie Mac, appealing against a US district court ruling that the Treasury had...
...Fairholme and Perry Capital are the most outspoken plaintiffs in the two big Fannie Mae suits against the government....
...Bill Ackman’s Pershing Square, Bruce Berkowitz’s Fairholme Funds and Richard Perry’s Perry Capital are among the investors to have sued the government over its treatment of the US mortgage companies....
...The aggrieved parties in that matter include such investors as Pershing Square’s Bill Ackman, Fairholme Funds’ Bruce Berkowitz and Perry Capital’s Richard Perry....
...By the close, Fairholme’s fund had lost about $900m, or more than 10 per cent of its value, with the bulk of the decline caused by the cratering preferred stock of Fannie....
...A case brought by Perry Capital and Fairholme Funds against the US government’s decision to keep nearly all profits generated by Fannie Mae and Freddie Mac –- rather than share them with investors – was...
...The Federal Claims court is also where Bruce Berkowitz’s Fairholme Funds has sued the government over the profits of mortgage finance companies Fannie Mae and Freddie Mac, which received a $188bn bailout...
...A US judge ruled plaintiffs could seek evidence in the case filed by Bruce Berkowitz’s Fairholme Funds over the government’s pocketing of Fannie and Freddie profits....
...Bill Ackman, the activist investor and long-time foe of Mr Icahn, has a large stake, along with Bruce Berkowitz’s Fairholme Funds, while Richard Perry of Perry Capital and John Paulson have also joined the...
...The lawsuit led by Bruce Berkowitz’s Fairholme Funds challenges a 2012 government move that requires Fannie and Freddie to send all their profits to the US Treasury, which plaintiffs say is illegal and hurts...
...Several fund managers, including Perry Capital and Fairholme Funds, have already challenged the legality of the Treasury’s amended bailout terms, prompting fury on Capitol Hill from several lawmakers....
...That change has been opposed by Fannie and Freddie shareholders, some of whom have sued the government including Bruce Berkowitz’s Fairholme Funds....
...Last November, Fairholme Funds proposed a private sector plan for taking over the bulk of operations for Fannie and Freddie....
...In November, Bruce Berkowitz’s Fairholme Funds proposed a private sector plan for taking over the bulk of Fannie and Freddie’s operations....
...In November, Bruce Berkowitz’s Fairholme Funds proposed a private sector plan for taking over the bulk of operations....
International Edition