Bruce R. Berkowitz

Bruce R. (Robert) Berkowitz is an American equity fund manager and registered investment adviser.[2] Berkowitz founded Fairholme Capital Management in 1997 and was formerly a senior portfolio manager at Lehman Brothers Holdings and a managing director of Smith Barney. Berkowitz was named 2009 Domestic-Stock Fund Manager of the Year and Domestic-Stock Fund Manager of the Decade by Morningstar, Inc.[3]

For the former U.S. Defense Department official and author, see Bruce D. Berkowitz.

Bruce Berkowitz
Born1957 or 1958 (age 64–65)[1]
EducationB.S. University of Massachusetts Amherst
Occupationequity fund manager
Known forfounder of Fairholme Capital Management
SpouseTracey Pellows
Children3

Early life and education

Berkowitz, was raised in Chelsea, Massachusetts, the son of Hennie (née Schneider) and Barney Berkowitz.[4][5] His father was a part-time taxi driver and owned a convenience store; his mother was a homemaker.[4] Berkowitz attended Chelsea High School and Huntington Prep before graduating from Beaver Country Day School.[4] In 1980, he graduated with a bachelor's degree in economics, cum laude, from the University of Massachusetts Amherst.[1]

Career

After college, Berkowitz worked at the Strategic Planning Institute, a management consulting firm, in Cambridge, Massachusetts.[6] In 1983, he joined Merrill Lynch in London.[1] In 1986 he accepted a job with Lehman Brothers in London and then transferred to their New Jersey office in 1989 as a senior portfolio manager. In 1993, he became a managing director of Smith Barney Investment Advisers.[4]

In 1997, Berkowitz started his own firm, Fairholme Capital Management. The name of the firm "Fairholme" was the name of the last street on which he had lived.[4]

In late 2010 it was announced that Berkowitz had joined the board of directors of the St. Joe Company.[7]

Philanthropy

Berkowitz donated $6.75 million to the Center for Jewish History which is dedicated to the preservation of Jewish history and genealogy. His donation along with that of Bill Ackman, the CEO of hedge fund Pershing Square Capital Management, and Joseph Steinberg, the president of Leucadia National, were the three largest individual gifts that the center has ever received.[8]

Personal life

Berkowitz lives in Coral Gables, Florida.[1] He has been married to Tracey (née Pellows) Berkowitz[9][10][11] since 1980, and he has two sons and one daughter.[4]

References
  1. Cendrowski, Scott (December 10, 2010). "Bruce Berkowitz: the Megamind of Miami". Fortune.
  2. Bruce R. Berkowitz. Archived 2012-01-10 at the Wayback Machine Forbes.com
  3. PR Newswire Morningstar Names Bruce Berkowitz, David Herro, and Bill Gross Fund Managers of the Decade
  4. "A Real Chelsea Success Story". Chelsea Record. July 15, 2010.
  5. "BERKOWITZ, Hennie (Schneider) Of Hampton NH, formerly of Chelsea, MA, and Miami, FL, passed away on May 20, 2017". The Boston Globe. May 22, 2017.
  6. "Chapter 3: Bruce Berkowitz - Profiting from Hedge Funds: Winning Strategies for the Little Guy [Book]". www.oreilly.com. Retrieved July 2, 2022.
  7. Cendrowski, Scott (December 17, 2010). "The big hubbub over St. Joe Company". Fortune.
  8. Snyder, Tamar (January 25, 2011). "History Center In The Black". The New York Jewish Week.
  9. "TRACEY AND BRUCE R. BERKOWITZ - Miami - Investment fund management (Fairholme Capital Group)". ARTnews. 2019.
  10. "PELLOWS, Patricia (Messer) Of Dedham formerly of Newton, MA. Entered into rest on March 6, 2019 at the age of 94. Beloved wife of the late Leon Pellows". The Boston Globe. March 7, 2019.
  11. "PELLOWS, Leon Of Newton, formerly of Revere, most recently of NewBridge on the Charles in Dedham. Entered into rest Monday, February 4, 2013, age 89. Beloved husband of Patricia (Messer) Pellows". The Boston Globe. February 5, 2013.
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