BOSTON (TheStreet) -- Bruce Berkowitz can't escape the final week of 2011 unscathed. But rather than suffering at the hands of the usual suspect, Bank of America (BAC - Get Report), the star fund manager is losing big on Sears Holdings (SHLD).Berkowitz's Fairholme Fund ( FAIRX - Get Report) is down more than 30% this year as the fund's biggest holdings have fallen. His fondness for financial stocks has brought the fund its biggest losers. Bank of America and American International Group ( AIG - Get Report) are two of Berkowitz's more publicized picks, dealing the manager hefty losses of 58% each this year.
|Fairholme Fund manager Bruce Berkowitz|