BAC Rallies Above 10: Buffett and Berkowitz Win, Paulson Misses Out

Bank of America Corp (NYSE:BAC) went over $10 today after massive losses in value during 2011. The company's low of 4.92 occurred last December but the stock has rallied since as news of an economic recovery in the US continues to accumulate. But which funds lost and which gained from the company's rally? We examine three of the most important results of the rise in the bank's value.

Warren Buffet's Berkshire Hathaway Inc. (NYSEBRK.A), (NYSE BRK.B) has been a clear beneficiary of the rally. He made large investments in the stock beginning last August including a $5 billion buy on the 25th of August....