FREDRIC E. RUSSELL INVESTMENT MANAGEMENT CO.

FREDRIC E. RUSSELL INVESTMENT MANAGEMENT CO.

Fredric E. Russell founded his eponymous investment management company in Tulsa, Oklahoma, after a career that included working at his father's firm, Frank Russell Company. The younger Russell launched his own firm in the early 1990s, applying a Benjamin Graham-style value investing approach that targets small- and micro-cap stocks trading at discounts to intrinsic value. The firm's wealth origin traces to Russell's family background — his father Frank Russell created the Russell Investments index and consulting business that revolutionized pension fund management. The firm's strategy centers on deep-value equity selection, holding typically 15-25 positions across small- and micro-cap US stocks. Russell publicly advocates for concentrated portfolios and long holding periods, often citing the competitive advantage of retail-sized positions in illiquid securities. His approach has generated a 14.3% annualized net return from inception through 2012 versus 7.4% for the Russell 2000, per the firm's 2012 client newsletter. The firm operates with no institutional clients and no external marketing, relying instead on a small base of individual and family investors in the Tulsa region. Professional staff has historically numbered fewer than five individuals. The firm does not maintain any public website or social media presence. A 2012 interview with Tulsa Business & Legal News remains the most detailed public profile. No recent organizational changes, capital raises, or personnel moves have been publicly recorded since that date. Russell's structural differentiator is his explicit rejection of the asset-gathering model. By capping AUM, eschewing institutional marketing, and operating from a single office in Tulsa with minimal staff, he preserves the ability to invest in the micro-cap arena where capacity is limited and index funds cannot operate efficiently. This mirrors a boutique tradition that prioritizes strategy integrity over scale.