Fund profile: Managed by Bruce Berkowitz, the fund is known for its concentrated bets as it holds only 19 stocks. It has a 76% sector bet on financials. Its poor performance has resulted in a 55% decline in its asset base this year.Performance: down 30.6%, dead last in the large-value category, with a return that is 27 percentage points below the category average. Over three years it has an average annual return of 8.4%. Assets: $8 billion Worst picks: American International Group (AIG - Get Report), the largest holding at 22% of the fund, down 53%; Sears Holdings (SHLD), 8% of fund, down 27%; Citigroup (C - Get Report), 5% of the fund, down 43%.
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