Mr. Fraenkel is the Vice Chairman of Cowen Group, an investment bank and asset management firm headquartered in New York. Mr. Fraenkel works on strategic planning for the group.
Previously, Mr. Fraenkel was the President of Fairholme Capital Management, an asset management firm located in Miami. He has over 30 years of investing experience including membership in Barron’s year-end roundtable from 1982-1985 and heading global research at Lehman Brothers in the early 90’s. His interviews have appeared on CNBC, Fox Business News and Bloomberg TV.
Fraenkel was previously the Chairman of a venture firm, Millennium 3 Capital. He also was the Chief Operating Officer of Furman Selz, a brokerage firm. In addition, Mr. Fraenkel held senior management positions at Prudential Securities and E.F. Hutton. He began his career as a security analyst at Goldman Sachs.
Fraenkel received a B.S. in Economics and Finance from Lehigh University and an M.B.A. from the Wharton School, University of Pennsylvania. He is a member of the CFA Institute and the New York Society of Security Analysts.
Mr. Fraenkel is married and has three grown children.