The addition is the latest expansion of the $1.5 billion Greenwich, Connecticut-based FrontPoint’s business platform and will cover long/short strategies that are focused on fundamental value primarily in US equity securities.
“Ivory has long been focused on fundamental value investing and its rigorous, bottom-up, research-intensive approach to assessing companies in the public markets makes Ivory an important addition to our team of managers,” said Phil Duff, Chief Executive Officer of FrontPoint Partners said in a news release.
The Ivory team consists of 14 professionals led by Curtis Macnguyen, who founded Ivory in 1998 and was formerly a partner of Siegler, Collery & Co. “The integration with FrontPoint will enable Ivory to focus on its core portfolio analysis. In addition, FrontPoint will support us with its world-class infrastructure and risk management capabilities,” stated Curtis Macnguyen.
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