Sat, Apr 30, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n