Fairholme Names Fraenkel President

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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...