Fairhills Group Rounds Out Management Team to Continue New Strategy Expansion

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| Source: Fairhills Group

WHITE PLAINS, N.Y., April 19, 2012 (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 visit www.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

www.fairhills.com