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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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