Fairholme Capital Management, L.L.C. is an employee owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also provides its services to pooled investment vehicles, corporations, individuals, including high net worth individuals, banking or thrift institutions, pension and profit sharing plans, and charitable organizations with minimum investment of U.S. $5 million. The firm also manages separate client focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in the public equity and fixed income markets across the globe. It also invests in the distressed or defaulted bonds and value stocks for its affiliated mutual funds, institutional managed accounts, and private funds. Fairholme Capital Management, L.L.C was founded in 1997 and is based in Miami, Florida.