The Fairholme Partnership Delivers 8.3% Net Return In 1Q 2015

MIAMI--(BUSINESS WIRE)--The Fairholme Partnership, L.P. (the “Partnership”) today announced a net return of 8.3% for the first quarter of 2015.¹ Since inception on January 1, 2013, and through March 31, 2015, the Partnership’s net return was 44.2% versus a 51.9% gain and a 15.1% gain for the S&P 500² and the HFRI Fund Weighted Composite Index,³ respectively. The Partnership was launched with seed capital from employees of its investment manager, Fairholme Capital Management (“Fairholme”), and had approximately $441 million in assets as of March 31, 2015.

“delivering outstanding long-term performance, aligning interests with shareholders, and demonstrating the courage to differ from consensus.”

The Partnership is advised by Fairholme and its Chief Investment Officer, Bruce R. Berkowitz. The Partnership seeks long-term growth...