Fairfield Greenwich Group, a global alternative asset management firm with some USD16.4bn in assets under management, has announced the appointment of David B. Horn as a partner, chief global strategist and a member of the board of directors.
For over 38 years, Horn has been an executive in the institutional and private wealth management industry as co-founder and chief executive of Graystone Partners, a USD4.4bn consulting firm acquired by Morgan Stanley in 1999 that specialised in selecting investment managers across all investment disciplines, from private equity and real estate to hedge funds and funds of funds for the investment portfolios of ultra high net worth families.
At Morgan Stanley, he became a managing director and head of global private client marketing and global senior relationship management for the firm's largest private clients, sitting on the private wealth management executive and operating committees and on the firm's alternative manager selection due diligence committee.
Before the founding of Graystone, Horn was a senior executive vice-president of Bessemer Trust Company, where he worked on institutional and private client accounts, and was a senior vice-president at Northern Trust, responsible for trust, investment, and technology services offered to very wealthy individuals and families as the founder of the company's wealth management group. He remains a private advisor to wealthy families in Europe, Asia, Mexico and New York and to several global investment management firms.
'As our business continues to grow and mature, we saw the importance of adding a distinguished professional of David's calibre to direct our global business strategy as we focus on building further institutional and ultra high net worth relationships,' says Fairfield Greenwich founding partner Andrés Piedrahita.
'We have great confidence that David will benefit this firm and its investors by leading us toward new market opportunities, and by working to manage the further expansion and improvement of our enterprise.'
Founded in 1983, Fairfield Greenwich Group offers its clients hedge funds and related products, internally managing its own hedge funds and identifying external managers for a limited number of joint-venture relationships that develop and manage fully transparent single-manager and multi-strategy hedge funds. The firm also creates and manages funds of hedge funds and markets third-party managers' fund products.
An employee-owned firm with more than 120 employees, it has offices in New York, London, Madrid and Bermuda, representative offices elsewhere in the US, Europe and Asia, and a joint venture in Singapore.