Larry Pitkowsky - GoodHaven Capital Management, LLC
Larry Pitkowsky co-founded GoodHaven Capital Management in late 2010 and currently serves as a Managing Partner and Co-Portfolio Manager along with Keith Trauner. GoodHaven is a registered investment advisor that provides investment management services to separate accounts and the firm's affiliated GoodHaven Fund, a public, no-load mutual fund (GOODX). Prior to forming GoodHaven, Larry was a consultant to Fairholme Capital Management for approximately two years and from 1999 through 2008, he held a variety of roles at Fairholme and its affiliates, including Analyst and Portfolio Manager. In addition, for most of the period from 2002 through 2007, he was a named Portfolio Manager of FCM’s affiliated Fairholme Fund. In addition, Larry was also Vice-President of Fairholme Funds, Inc., the parent company of the Fairholme Fund, from March 2008 through January 2009. Larry has more than 20 years of experience in securities research and portfolio management across a wide range of companies and industries. back
Articles
10 Stocks Veteran Investors Buy to Start a New Fund
The Street - 03.28.12
The $130 million GoodHaven(GOODX), launched a year ago by former Fairholme Fund(FAIRX) managers Larry Pitkowsky and Keith Trauner contains the answer. These former Berkowitz acolytes' fund holds six of their favorites from when they were at Fairholme, where they were at various times analysts, fund managers and outside advisers from roughly 1999 to 2010.
GoodHaven Realizes Its Vision
Morningstar - 01.31.12
Life is rarely easy for startups, whether the business is managing money or creating the next social-networking app. Besides coming up with a compelling product or service, attracting capital is often the most difficult task. Fairholme FAIRX alums Larry Pitkowsky and Keith Trauner addressed that issue soon after they formed GoodHaven Capital Management, the advisor to GoodHaven GOODX, near the end of 2010.
Top 5 Stock Holdings Of Value Fund Goodhaven Capital
Seeking Alpha - 12.07.11
Since launching in 1999, the Fairholme fund beat the S&P 500 index by 14% annually in its first 10 year through 2009. The fund's manager, Bruce Berkowitz, was named "manager of the decade" by Morningstar. However, this has been a hard year for Berkowitz, with his flagship fund down -32.49% through September 30, 2011. In contrast, the Goodhaven fund, launched earlier this year by ex-Fairholme portfolio managers Larry Pitkowsky and Keith Trauner, has return -4.7% from inception through September 30th.
Former Fairholme Fund Managers Don't Share Old Boss's Bullish View on Financial Sector
Seeking Alpha - 07.21.11
For most of the life of the Fairholme Fund Keith Trauner and Larry Pitkowsky were key cogs in the investing process. On April 11, 2011, Trauner and Pitkowsky, who had left Fairholme announced the launch of their own new fund called “The Goodhaven Fund.” I thought that it would be very interesting to check in with their start up to see if their thinking was still very much in line with their former colleague Berkowitz.
Seasoned Vets Run Rookie Funds
Barrons - 02.04.12
You've surely heard of Fairholme, Bruce Berkowitz's battered fund. Two unsung heroes of Fairholme's early (and impressive) history of growth, Keith Trauner and Larry Pitkowsky, left to form GoodHaven, the Miami-based fund launched last April.
Hey, Want to Try My Fund?
Wall Street Journal - 12.10.11
This year, former portfolio managers at Bruce Berkowitz's Fairholme Fund launched something called the GoodHaven Fund. In 2009, a protégé of value investor Michael Price at Mutual Series started Evermore Global Advisors. And in 2007, a team of managers and analysts who worked together at First Eagle Funds with Jean-Marie Eveillard launched International Value Advisers.
Value investing in tech boom 2.0
CNN Money - 07.24.11
Larry Pitkowsky and Keith Trauner sat out the first bubble. Now the value investors justify why Google is a top holding and Microsoft is more exciting now than a decade ago.