Sat, Nov 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Fairhills Group rounds out management team, continues strategy expansion

Wednesday, April 18, 2012
Opalesque Industry Update: Fairhills Group announced today that it has hired Mr. Steven DiNunzio, CFA as Principal and Chief Financial Officer. Fairhills Group is a New York-based alternative asset management firm originally founded as the family office of Mr. Edward Bronson, a veteran principal investor and former telecom entrepreneur.

The appointment of Mr. DiNunzio comes as Fairhills expands its principal investment operations to include the incubation of experienced portfolio managers in new hedge fund strategies. Ultimately, these new funds will be offered to outside investors. Fairhills has recently sought external capital to expand its equity financing strategy and has announced its first seeding project as that of a niche quantitative long-short strategy led by two former senior portfolio managers at Madison Square Investors, a subsidiary of New York Life Investment Management. Led by principals David Benway and Heather Malloy, Fairhills’ efforts to expand into new strategies comes at a time when many talented individuals are rushing to leave shuttering proprietary trading desks and establish themselves ahead of their peers.

In his new role, Mr. DiNunzio will be responsible for overseeing all aspects of financial management, operations, accounting, auditing, compliance and reporting throughout the middle and back office across all funds managed by Fairhills. Mr. DiNunzio joins Fairhills from Diamond Notch Asset Management, a multi-strategy hedge fund backed by BNP Paribas where he served as CFO. Mr. DiNunzio previously served as Director and Head of Operations within the Equity Fund Derivatives Group at BNP Paribas where he oversaw $25 billion in hedge fund assets across over 1,000 hedge funds on the hedge fund platform following BNP's purchase of Zurich Capital Markets. Mr. DiNunzio began his career in the alternative investment industry at UBS in London where he worked in their middle and back office logistics group. Mr. DiNunzio later served as Director and Head of Operations at Dune Partners, a London-based equity long/short hedge fund, followed by serving as Executive Director at PlusFunds. Mr. DiNunzio is a CFA charterholder in addition to holding FINRA Series 3 and 7 licenses. He was educated at Pace University where he received his B.A. in Business Administration and Public Accounting in 1990.

Mr. DiNunzio will be located in White Plains, NY, the headquarters of Fairhills Group, and will be joining a management committee that includes Bronson, Benway and Malloy.

Fairhills Group

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout