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Fairholme Floats Allocation Fund

Miami-based Fairholme Funds has launched a new allocation fund.

Miami-based Fairholme Funds has launched a new allocation fund, Plan Advisors reports. The Fairholme Allocation Fund will targetlong-term total return from capital appreciation and income.

The portfolio will invest in each asset class, which will vary from time to time based on Fairholme’s assessment of relative fundamental values of securities and other investments. It also aims to capitalize on anticipated fluctuations in the financial markets by changing the mix of the fund’s holdings in the targeted asset classes.

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