Tuesday, 26 May 2015
Last updated 3 days ago
Jan 4 2013 | 10:37am 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…