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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note