Industry Awards
 

The Fairholme Focused Income Fund (FOCIX). Flexible Income Funds, Lipper 3-Year Award Winner (2014) Every year, the Lipper Fund Awards honors funds and fund management firms that have excelled in consistently strong risk-adjusted performance, relative to their peers. Lipper designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods. Classification averages are calculated with all eligible share classes for each eligible classification. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Funds registered for sale in the respective country as of the end of the calendar year of the respective evaluation year and with at least 36 months of performance history as of the end of the calendar year of the respective calendar year are considered for awards. Thirty-seven flexible income funds were eligible for the 2014 award for the three-year period.

The Fairholme Focused Income Fund (FOCIX). Flexible Income Funds, Lipper 3-Year Award Winner (2014) Every year, the Lipper Fund Awards honors funds and fund management firms that have excelled in consistently strong risk-adjusted performance, relative to their peers. Lipper designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods. Classification averages are calculated with all eligible share classes for each eligible classification. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Funds registered for sale in the respective country as of the end of the calendar year of the respective evaluation year and with at least 36 months of performance history as of the end of the calendar year of the respective calendar year are considered for awards. Thirty-seven flexible income funds were eligible for the 2014 award for the three-year period.

Bruce Berkowitz: Money Manager of the Year (2013) In its 5th Annual U.S. Investment Management Awards, Institutional Investor Magazine named Bruce Berkowitz 2013 Money Manager of the Year. The awards recognize U.S. institutional investors whose innovative strategies and fiduciary savvy resulted in impressive returns in 2013, as well as U.S. money managers in 36 asset classes who stood out in the eyes of the investor community for their exceptional performance, risk management and service. A list of top performing managers in each of the 36 strategies was identified by Institutional Investor Magazine’s editorial and research teams based on data provided by eVestment. In parallel, a ‘call for nominations’ was conducted to the industry-at-large inviting nominations. This combined intelligence was used to develop a short-list of nominees in each strategy. More than 1,000 leading U.S. pension plans, foundations, endowments, and other institutional investors were then surveyed and asked to vote for up to three managers in each strategy in which they invest that demonstrated the best overall performance during the past year. Investors were also provided the option to write in a manager who did not appear on the pre-populated list. Institutional Investor Magazine’s editorial team analyzed the survey results to determine the winners.  

Bruce Berkowitz: Money Manager of the Year (2013) In its 5th Annual U.S. Investment Management Awards, Institutional Investor Magazine named Bruce Berkowitz 2013 Money Manager of the Year. The awards recognize U.S. institutional investors whose innovative strategies and fiduciary savvy resulted in impressive returns in 2013, as well as U.S. money managers in 36 asset classes who stood out in the eyes of the investor community for their exceptional performance, risk management and service. A list of top performing managers in each of the 36 strategies was identified by Institutional Investor Magazine’s editorial and research teams based on data provided by eVestment. In parallel, a ‘call for nominations’ was conducted to the industry-at-large inviting nominations. This combined intelligence was used to develop a short-list of nominees in each strategy. More than 1,000 leading U.S. pension plans, foundations, endowments, and other institutional investors were then surveyed and asked to vote for up to three managers in each strategy in which they invest that demonstrated the best overall performance during the past year. Investors were also provided the option to write in a manager who did not appear on the pre-populated list. Institutional Investor Magazine’s editorial team analyzed the survey results to determine the winners.
 

Bruce Berkowitz: Domestic Equity Fund Manager of the Decade (2000-2009) The Morningstar Fund Manager of the Decade award, which was awarded for the first time in 2010, recognizes fund managers who have achieved superior risk-adjusted results over the past 10 years and have an established record of serving shareholders well. While the awards focus on performance over the past decade, Morningstar takes into consideration other factors, including the fund manager’s strategy, approach to risk, size of the fund, and stewardship. Both individual fund managers and management teams are eligible, and being a previous winner of the Morningstar Fund Manager of the Year award isn’t a prerequisite. Morningstar’s fund analysts select the Fund Manager of the Decade award winners based on Morningstar’s proprietary research and in-depth evaluation.   

Bruce Berkowitz: Domestic Equity Fund Manager of the Decade (2000-2009) The Morningstar Fund Manager of the Decade award, which was awarded for the first time in 2010, recognizes fund managers who have achieved superior risk-adjusted results over the past 10 years and have an established record of serving shareholders well. While the awards focus on performance over the past decade, Morningstar takes into consideration other factors, including the fund manager’s strategy, approach to risk, size of the fund, and stewardship. Both individual fund managers and management teams are eligible, and being a previous winner of the Morningstar Fund Manager of the Year award isn’t a prerequisite. Morningstar’s fund analysts select the Fund Manager of the Decade award winners based on Morningstar’s proprietary research and in-depth evaluation. 

 

Bruce Berkowitz: Domestic Equity Fund Manager of the Year (2009) Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts.   

Bruce Berkowitz: Domestic Equity Fund Manager of the Year (2009) Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts. 

 

Bruce Berkowitz: Runner-Up Domestic Stock Fund Manager of the Year (2006) Only seven years after founding the Fairholme Fund, Berkowitz was declared runner-up to the winner. Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts.

Bruce Berkowitz: Runner-Up Domestic Stock Fund Manager of the Year (2006) Only seven years after founding the Fairholme Fund, Berkowitz was declared runner-up to the winner. Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts.


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