Longleaf fund seeks group cash to buy stocks

Submitted on 12/13/2007

Longleaf Partners Fund, appealed to its shareholders for $2 billion to invest in a few beaten-down stocks, said it is turning to owners of other funds in the group for fresh contributions.

The fund, the flagship of deep-value stock investor Mason Hawkins, said in a letter on the Longleaf Web site that the move to tap shareholders of the International and Small-Cap funds for cash was due to the availability of new investment opportunities.

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