MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 27, 2011 Berkowitz's New Research Chief is Anything But Has Bruce Berkowitz found his Charlie? Well, not exactly. Today, Fairholme Funds [see profile] said that it has hired Fred Fraenkel as chief research officer, effective October 1. Fraenkel will be tasked with helping Berkowitz coordinate research efforts at the firm as well as damage control with the firm's shareholders. "As our Chief Research Officer, Fred's first task is to find ways to better communicate with clients as to why Fairholme's best is yet to come," stated Berkowitz. "Fred’s experience in explaining investments and managing research personnel makes me confident he will succeed.” Previously, Fraenkel served as vice chairman of Beacon Trust Company, an asset management an advisory shop, where he ran the investment process and published investment strategy. Fraenkel also spent seven years at Lehman Brothers, Inc., where he was a director of global research. Printed from: MFWire.com/story.asp?s=38182 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |