Fairfield Greenwich Group has appointed Anthony J Dell'Arena as director of compliance and Adrienne M Garofalo as a product manager.
These new appointments have been prompted by the continuing expansion of FGG's business and are in addition to recent hirings that have seen FGG expand both its investment team and finance and operations team.
Dell'Arena will help ensure that all FGG hedge funds and the related products, which FGG develops and manages, remain in compliance with the increasingly complex sets of laws and regulations governing alternative asset investments in the diverse jurisdictions of the global markets.
Prior to joining FGG, he spent two years as vice president and assistant general counsel with JPMorgan Chase & Co's Private Banking division. He has also held positions with AXA Financial, Salomon Smith Barney, and UBS PaineWebber, Inc.
Garofalo will be the product specialist responsible for some of FGG's core group of single manager hedge funds, and will work with the managers, and with FGG's investment and sales teams, to provide expert support and service to the firm's clients who invest in those funds.
Prior to joining FGG, Garofalo spent four years as assistant vice president in the client development group of Ivy Asset Management Corp. She has also held positions with Prudential Securities and Smith Barney Inc.
Garofalo's appointment follows that of Enrique Mendez who also joined the FGG's Porduct Management team recently and is also responsible for some of the core group of single manager hedge funds.
Prior to joining FGG, Mendez was vice-president of marketing and investor relations at Mayfair Capital Group, an alternative investments firm in New York, and he has also worked as an investment professional in the private wealth management group at Goldman Sachs.
Another recent appointment has seen the Investment team boosted by the arrival of analyst Mamta Jalan, who will assist in managing and supporting FGG's fund of funds products.
Jalan was previously spent two years as an analyst with Ernst & Young in their corporate finance valuation advisory services area, and has also held positions with Morgan Stanley, Vardon Capital Management, and Zweig-DiMenna & Associates.
"We believe that good compliance is good business. As regulatory requirements for hedge funds and managers become ever more complex globally, it is critical to focus on having the right legal and compliance resources," said Robert Blum of FGG. "Likewise, as our investors seek even greater product expertise and information, we will continue to build out our product management capabilities.
"Our Finance and Operations team must also keep pace with our growing platform. It is in this light that we heartily welcome Anthony, Adrienne, Mamta, and the other recent additions to the FGG team."
Dell'Arena, Garofalo, and Jalan will be based in FGG's New York office, as are Mendez and the new finance and operations team members.
Background notes: FGG, founded in 1983, has grown from approximately USD 3 billion in client assets in 2000 to over USD 9 billion in April 2005, and to over 70 employees. The firm offers a wide array of products, including internal and external single manager strategies, multi-strategy funds, fund-of-funds, and related structured products.