Far Hills Founder Novello Dies

Oct 4 2012 | 10:45am ET

Far Hills Group founder and president Peter Novello has died at the age of 58.

Novello passed away at his home in Vermont on Saturday, the firm said yesterday. "We will deeply miss Peter," the firm said in a statement. "He was a trailblazer in the hedge fund business and founded a highly successful business. Peter had a unique combination of business acumen, a sharp wit and leadership skills that set him apart."

Novello set up New York-based Far Hills in 1990 after a career that took from Sperry Univac and Martin Marietta Corp. to SEI Corp. to Alalanta Sosnoff Capital to Brookehill Equities, where he worked to restructure its alternative products for the U.S. institutional marketplace.

Visiting hours will be held tonight from 6 p.m. to 8 p.m. at the Cabot Funeral Home in Woodstock, Vt., with a funeral service tomorrow afternoon at that town's Unitarian Universalist Chapel. Far Hills has asked that memorial donations go to Planned Parenthood of Northern New England.

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