HedgeCo.net – January 10, 2007. Fairfield Greenwich Group, a global alternative asset management firm with over USD $11 billion assets under management, today announced that it has added a seniorprofessional to its team at the hedge fund specialist’s New York headquarters. Douglas Reid will join as a Managing Director on the Investment team and will serve on the firm’s Investment Committee.Doug will focus on FGG’s multi-strategy and single manager hedge funds. FGG Founding Partner Jeffrey Tucker commented: “Our business has grown significantly over the past year; during 2006, we addedapproximately two billion dollars of assets, more than 30 employees, and two new representative offices. We are very pleased to bring someone with Doug’s experience onto our team; he can aid usgreatly in meeting the challenges, and seizing the opportunities, of continuing to expand and improve our enterprise. FGG will continue to add personnel and resources when and where we believe theywill best serve our investors.â€Â
Prior to joining FGG, from 2005 to 2006, Mr. Reid was a Portfolio Manager, Director of Research, and co-founder of Alstra Capital Management, LLC, New York, NY, an advisor to over $1.6 billion in hedge fund investments that was spun out from Moore Capital Management, LLC, where Mr. Reid was a Principal, and Portfolio Manager and Co-Director of Research of its Fund Investment Group from 2002 to 2005. Prior to that, Mr. Reid was a Principal and co-founder of Titan Advisors, LLC, of Rye Brook, NY, an alternative investment firm. Between 1996 and 2001, Mr. Reid was a Director and Head of the Banking & Finance Department of Soros Fund Management LLC, New York, NY.
From 1986 to 1996, Mr. Reid held various positions in the Investment Banking Division of Kleinwort Benson Limited in the UK and the U.S., most recently as a Director. Mr. Reid holds a NASD Series3 license.
About Fairfield Greenwich Group
Founded in 1983, Fairfield Greenwich Group (“FGGâ€Â) is a leading alternative asset investment specialist. FGG’s mission is to offer our clients superior hedge funds and related products with a high level of client service and support. Throughout its history, the firm has internally managed its own hedge funds and selectively identified external managers for a limited number of close relationships. FGG offers a variety of single manager, multi-strategy, fund-of-funds, and other investment vehicles to meet most alternative investors’ needs. As of December 2006, FGG has more than USD $11 billion in client and firm assets under management. It is an employee-owned firm with over 100 employees, 13 of whom are shareholders, and has offices in New York, London, and Bermuda, and representative offices elsewhere in the U.S., Europe, and Latin America, and a joint venture in Singapore. Fairfield Greenwich Group is the marketing name for the brokerage and investment advisory businesses of Fairfield Greenwich Limited and its subsidiaries worldwide.
Please visit www.FGGUS.com for more information.
Media Contact:
Andrew Ludwig, Director of Communications
Fairfield Greenwich Group
919 Third Avenue — 11th Floor
New York, NY 10022
(212) 319-6060 Tel
(212) 319-0450 Fax
