Sun, Dec 21, 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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und