Updated Monday, March 30, 2015 as of 1:32 PM ET

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Fairholme Closes to New Investors

Irene Park

According to the Miami firm, the funds are closing in oder to prevent inflows from new investors from diluting the proportionate interests of existing fund shareholders.

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Advisors on the Move: Merrill Loses Billion-Dollar Advisor, Lures Teams With $800M
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