Fred Fraenkel

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Fred S. Fraenkel is an investment veteran who has led large research teams and run a venture fund. He was vice chair of Cowen Inc. and, until September 2015, the president and chief research officer of Fairholme Capital Management, a Miami-based mutual funds advisor. He earned a B.S. in economics and finance from Lehigh University and an MBA from the Wharton School. He is a member of Beta Gamma Sigma and Omicron Delta Epsilon.

Fraenkel has spent more than 50 years in investing, including a stint on Barron’s year-end roundtable from 1982 to 1985. He headed global research at Lehman Brothers from 1987 to 1993, a period when Lehman earned its first top Institutional Investor ranking. He later held senior roles at Cowen Group and Beacon Trust and was a founding partner of Millennium 3 Capital. He served as vice chairman of ING Barings Furman Selz and as COO of Furman Selz. Before joining Furman Selz in 1995, he spent nine years at Lehman Brothers as managing director and director of global research, overseeing about 110 analysts in New York, London, Tokyo, and Hong Kong. As global research director, he helped the department rise in the Institutional Investor polls from 15th in 1987 to 1st in 1990–1992.

Earlier in his career, Fraenkel was chairman and CEO of Market America Group and spent about 4.5 years at Prudential Securities as director of equity research and a board member. He began on Wall Street in 1974 as a securities analyst at Goldman Sachs and was chief investment strategist for E. F. Hutton & Co. from 1980 to 1982.

He is affiliated with the CFA Institute, the New York Society of Security Analysts, and AIMR. He has served as past chairman of the Lehigh University College of Business and Economics advisory board and guest lectures at Harvard Business School, Harvard Law School, Columbia Business School, and Lehigh. He is married to Andrea Silberg Fraenkel and has three children and seven grandchildren. He resides in Boca Raton, Florida.