Fairholme Capital Management, L.L.C. is a large advisory firm based in Miami. It manages $1.86 billion of regulatory assets for 141 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Maine, Maryland, and 4 other states.
Fairholme Capital Management, L.L.C provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fairholme Capital Management, L.L.C. is $1.86 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 161% since the beginning of its operation, and $129.46 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Fairholme Capital Management, L.L.C. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Charles M. Fernandez is investment companies with 3 clients and $1.31 billion of assets under management. Among the 8 most similar advisory firms, Fairholme Capital Management, L.L.C has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $1.86 billion for 141 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 50% of the firm’s clients are foreign persons or businesses.
Fairholme Capital Management, L.L.C also advises several private funds. Namely, two hedge funds and one liquidity fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.
The company employs 13 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Charles M. Fernandez has been acting as President since 1 Nov 2008. Bruce Robert Berkowitz has served as the Chief Investment Officer since 1 Jun 1997. Fairholme Holdings Llc joined the executive team most recently as the Sole Member.
The principal office where Fairholme Capital Management, L.L.C. performs its advisory services is located at 2601 Ne 2 Nd Avenue, Miami, FL 33137, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 3053583000 or by fax 3053588002. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at fairholmefunds.com.