Dreyfus Chairman Joins Hedge Fund

May 15 2007 | 8:51am ET

Former Dreyfus Corp. President Joseph DiMartino has joined Los Angeles-based hedge fund shop Ivory Investment Management as a senior adviser. DiMartino has served as chairman of the Dreyfus Family of Mutual Funds since stepping down as president and chief operating officer in 1995, and will continue in that role in addition to his new responsibilities at Ivory.

DiMartino will focus on strategic and organizational matters at Ivory, a research-intensive value-based firm which manages some $3.5 billion in two funds.

“Joe brings a wealth of strategic and operational expertise to the firm,” Ivory founder Curtis Macnguyen said. “His experience building one of the world’s leading asset management companies will be of tremendous value to our growing operations.”

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