BoNY Fund Of Funds Names New CIO

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…