Fairhills Taps New CFO, Launches HF Incubator Biz.

Apr 19 2012 | 12:55pm ET

New York-based alternative investment manager Fairhills Group has hired Steven DiNunzio as principal and chief financial officer.

DiNunzio comes to Fairhills from Diamond Notch Asset Management, a multi-strategy hedge fund backed by BNP Paribas, where he was CFO. Prior to that, he served as director and head of operations within BNP Paribas’ equity fund derivatives group, overseeing hedge fund assets worth $25 billion. DiNunzio began his career in the alternative investment industry at UBS in London where he worked in their middle and back-office logistics group. He 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.

In his new role, DiNunzio will be based at the Fairhills Group’s headquarters in White Plains, NY and will oversee all aspects of financial management, operations, accounting, auditing, compliance and reporting throughout the middle and back office across all Fairhills’ funds.

Fairhills is currently seeking to capitalize on the exodus of traders from shuttered proprietary trading desks by expanding its business to include incubating "experienced portfolio managers" in new hedge fund strategies. These strategies will eventually be offered to outside investors. 

Fairhills recently sought external capital to expand its equity financing strategy and has announced its first seeding project—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).

The Fairhills Group began life as the family office of telecoms entrepreneur Edward Bronson.


In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note