Tuesday, 1 December 2015
Last updated 8 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…