Fairfield Greenwich Group Adds Investment Professional, Doug Reid

10 January 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 senior professional 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 added approximately 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 us greatly 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 they will best serve our investors.”

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 Series 3 license.

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