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The firm was founded in 1983 by Walter M. Noel, Jr. (born 1930). At one time, the firm operated from Noel’s adopted hometown in Greenwich, Connecticut, before relocating its headquarters to New York City.

In 1989, Noel merged his business with a small brokerage firm whose general partner was Jeffrey Tucker, who had worked as a lawyer in the enforcement division of the Securities and Exchange Commission. Both Noel and Tucker are semi-retired.

Fairfield offered feeder funds of single-strategy trading managers. Fairfield also started several fund of funds, each investing in a basket of hedge funds, though the offering of feeder funds has been the primary business of Fairfield. It described its investigation of investment options as “deeper and broader” than competitive firms because of Tucker’s regulatory experience.

Fairfield Greenwich’s website says it “employs a significantly higher level of due diligence work than typically performed by most fund of funds and consulting firms.” It is an employee-owned firm with 140 employees, 21 of whom are shareholders. At one time, it reported $16 billion in assets under management.

It is reported that foreign investors provided 95% of its managed assets, 68% from Europe, 6% from Asia, and 4% from the Middle East. Each of Noel’s four daughters married into international families.

In 2008, Fairfield Greenwich reported more than $14 billion in assets under management.

 

Feeder Funds

Fairfield Sentry

Fairfield Sigma

Fairfield Lambda

Irongate

 

 

 

 

 

 

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