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Fairfax ‘starting from scratch’ as it eyes growth opportunities: Watsa

After years of expressing bearish views on the economic weaknesses in global markets, Fairfax Financial Holdings Ltd. founder and CEO Prem Watsa is turning to a brighter focus on investment opportunities he sees.

With several years of lacklustre investment returns weighing on the Toronto-based firm, Fairfax is “basically starting from scratch” after removing all its extensive equity hedges at the end of last year, Mr. Watsa told a packed concert hall of shareholders at the Fairfax annual meeting in Toronto on Thursday.

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