Fairholme Capital Management Issues Statement on AIA Group Limited
MIAMI, Oct. 4 /PRNewswire/ -- The Fairholme Fund has provided a firm indication of interest to invest approximately $1 billion in the initial public offering of AIA Group Limited, a subsidiary of American International Group, Inc. Fairholme is investing in AIA because American International Assurance Company Limited has served and protected millions of individuals throughout Asia for nearly 80 years. Such a heritage, networked with the company's 350,000 agents and employees, forms the foundation for a trusted, household name to expand with some of the fastest growing regions of the world.
Bruce R. Berkowitz |
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Founder and Managing Member |
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Fairholme Capital Management, L.L.C. |
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President |
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Fairholme Funds, Inc. |
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Information about Fairholme Capital Management and Fairholme Funds, Inc.
Fairholme Capital Management, L.L.C. is registered with the SEC as an investment adviser and, as of September 30, 2010, has approximately $18 billion of assets under management. Fairholme Capital Management is the investment manager of The Fairholme Fund. Operating and investment decisions for Fairholme Capital Management and the Fund are made by Bruce R. Berkowitz, in consultation with Charles M. Fernandez. Mr. Berkowitz is the founder and Managing Member of Fairholme Capital Management and the President and a Director of Fairholme Funds, Inc. Mr. Charles M. Fernandez is the President of Fairholme Capital Management and the Vice-President and a Director of Fairholme Funds, Inc.
The Fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Fund, and may be obtained by calling shareholder services at 866-202-2263 or visiting our website at www.fairholmefunds.com. Read it carefully before investing.
Investing in The Fairholme Fund involves risk including loss of principal. The Fairholme Fund is non-diversified, which means that it invests in a smaller number of securities when compared to more diversified funds. Therefore, the Fund is exposed to greater individual stock volatility than a diversified fund. The Fairholme Fund also invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.
Shares of the Fund are offered through the Funds' distributor, Fairholme Distributors, Inc.
Contact: Bruce Berkowitz, +1-305-358-3000
SOURCE Fairholme Capital Management, L.L.C.; Fairholme Funds, Inc.
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