Fairholme Names Fraenkel President

Jan 4 2013 | 11:37am ET

Fairholme Capital Management has promoted its research head to its presidency.

Fred Fraenkel will remain chief research officer at the Florida-based hedge fund, it said in a statement. In fact, little will change, other than his title, founder Bruce Berkowitz explained.

“Fred’s role as president is an exciting development for Fairholme. Fred’s extensive experience in the mutual fund and hedge fund space has proved invaluable to the firm. This is just a formal announcement of what has already been the reality, and it allows me to focus on what I do best—investing.”

"I am excited to help lead Fairholme as we continue to ignore the crowd by seeking out undervalued opportunities," Fraenkel added.

Fraenkel joined Fairholme in 2011. He formerly worked at Beacon Trust Co., Millennium 3 Capital, ING Barings Furman Selz, Lehman Brothers, Market America Group, Prudential Securities, Goldman Sachs and E.F. Hutton, during a Wall Street career that has spanned four decades.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of