Mr. Fraenkel has spent over 30 years in investing and his career includes membership in Barron's year-end roundtable from 1982-1985, and heading global research at Lehman Brothers in the early 90’s. During that time, Lehman Brothers had its first ascension to Number One in the Institutional Investor rankings. He is currently the Chief Research Officer for Fairholme Capital Management in Miami, Florida. Previous to this post he was Vice-Chairman at Beacon Trust Company in New Jersey. In 2000, Mr. Fraenkel founded Millennium 3 Capital, a venture firm specializing in early stage companies. Prior to founding Millennium 3, Mr. Fraenkel served as vice chairman of ING Barings Furman Selz and chief operating officer of Furman Selz.

Before joining Furman Selz in March 1995, Mr. Fraenkel spent seven years at Lehman Brothers where he was a Managing Director and Director of Global Research overseeing 110 analysts located in New York, London, Tokyo and Hong Kong. As Global Research Director, Mr. Fraenkel participated in managing the department’s ascension in the Institutional Investor poll from a rank of 15th in 1987 to 1st in 1990, 1991, and 1992.

Prior to Lehman Brothers, Mr. Fraenkel was Chairman and Chief Executive Officer of Market America Group, an investment advisory firm. He also spent four and a half years as Director of Equity Research and a member of the Board of Directors at Prudential Securities. Mr. Fraenkel began his Wall Street career in 1974 as a securities analyst with Goldman Sachs & Company, and was Chief Investment Strategist for E.F. Hutton from 1980 to 1982.

Mr. Fraenkel received a B.S. in Economics and Finance from Lehigh University, and an M.B.A. from the Wharton School, University of Pennsylvania. Mr. Fraenkel was elected to membership of Beta Gamma Sigma and Omicron Delta Epsilon the national business school and economics honorary societies. He is a past Chairman of the Dean's Advisory Council of the College of Business and Economics of Lehigh University and he remains on the Council as a member of the Executive Committee.

Mr. Fraenkel is a member of the New York Society of Security Analysts and the AIMR, a member of the board of directors of Invention Machine Corporation. He is a past President of Congregation Bnai Jeshurun in Short Hills, NJ.

Mr. Fraenkel is married and has three grown children.

Mr. Fraenkel is a member of the Executive Committee of the Dean's Advisory Council.