Thursday, 26 November 2015
Last updated 10 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…