Fri, Jun 24, 2016
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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider