Friday, 31 October 2014
Last updated 1 hour ago
Feb 5 2007 | 12:22pm ET
Ivy Asset Management, the Bank of New York’s fund of hedge funds subsidiary, has named Peter Noris its new chief investment officer.
Noris, who starts at the Jericho, N.Y.-based firm on Feb. 14, replaces Adam Geiger, who left Ivy in December after the firm was burned in the Amaranth Advisors debacle. In the wake of the losses, the $15 billion firm said it expected redemptions of up to $1 billion.
The hiring of Noris is the latest part of a management shakeup at Ivy. In addition to Geiger’s departure, Stuart Davies, then-head of investments for Europe and Asia, was named global head of investments, and research chief Joseph Burns moved to London to succeed Davies.
Noris joins Ivy from Northstar Financial Services, where he served as chief investment officer. Prior to joining Northstar in 2005, he held the same post at Axa Equitable.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.