Fairhills Group Rounds Out Management Team to Continue New Strategy Expansion
Fairhills Group
19.04.2012 17:43
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WHITE PLAINS, N.Y., 2012-04-19 17:43 CEST (GLOBE NEWSWIRE) --
Fairhills Group is pleased to announce 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.
About Fairhills Group
Fairhills Group is a New York-based alternative investment management firm that
manages capital for the Bronson family. Fairhills was established in 2002 for
the purpose of providing public companies with alternative forms of financing,
eventually becoming one of the most active investors in structured equity
transactions. Fairhills has since grown to provide financing solutions to
companies globally and recently has opened its doors for the first time to
external investors, providing access to its principal investment strategies and
current hedge fund strategies being incubated within the firm. Fairhills
Capital Management, LLC is registered as an investment adviser with the US
Securities and Exchange Commission. For more information on Fairhills, please
visitwww.fairhills.com.
The Fairhills Group logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12503
Ryan Bonifacino
Fairhills Capital Management, LLC
245 Main Street
White Plains, NY 10601
Tel. +1 914 358 1930
info@fairhills.com
www.fairhills.com
News Source: NASDAQ OMX
19.04.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Fairhills Group
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901988306
WKN:
End of Announcement DGAP News-Service
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Fairhills Group
19.04.2012 17:43
---------------------------------------------------------------------------
WHITE PLAINS, N.Y., 2012-04-19 17:43 CEST (GLOBE NEWSWIRE) --
Fairhills Group is pleased to announce 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.
About Fairhills Group
Fairhills Group is a New York-based alternative investment management firm that
manages capital for the Bronson family. Fairhills was established in 2002 for
the purpose of providing public companies with alternative forms of financing,
eventually becoming one of the most active investors in structured equity
transactions. Fairhills has since grown to provide financing solutions to
companies globally and recently has opened its doors for the first time to
external investors, providing access to its principal investment strategies and
current hedge fund strategies being incubated within the firm. Fairhills
Capital Management, LLC is registered as an investment adviser with the US
Securities and Exchange Commission. For more information on Fairhills, please
visitwww.fairhills.com.
The Fairhills Group logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12503
Ryan Bonifacino
Fairhills Capital Management, LLC
245 Main Street
White Plains, NY 10601
Tel. +1 914 358 1930
info@fairhills.com
www.fairhills.com
News Source: NASDAQ OMX
19.04.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Fairhills Group
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901988306
WKN:
End of Announcement DGAP News-Service
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