Fairholme Capital Management, L.l.c.
Fairholme Capital Management, L.L.C. is an SEC-registered investment adviser based in Miami, Florida, established in June 1997. The firm provides continuous investment management services on a discretionary basis to various clients, including high net worth individuals, pensions, trusts, and corporations. As of February 28, 2023, Fairholme managed approximately $1.64 billion in client assets. The firm offers separately managed accounts through the Fairholme Managed Account Program and provides advisory services to the Mutual Funds of Fairholme Funds, Inc. Fairholme charges MAP Accounts a 1.0% annual management fee, which may be reduced to 0.80% at Fairholme's discretion. The firm's investment strategies include focused portfolio management, buy and hold strategies, equity and fixed-income investments, and distressed/special situations. Fairholme uses bottom-up fundamental analysis and seeks investments with above-average total returns over time. The firm may utilize leverage and invest in illiquid or restricted securities. Fairholme has adopted a Code of Ethics and procedures to address conflicts of interest, including those related to investment discretion and personal trading. Clients receive regular performance reports and have the option to direct Fairholme to use specific broker-dealers for transactions. Fairholme engages in cross transactions between accounts and may vote on client securities if delegated proxy voting authority.
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