Antarctica Snags Latest Ivy Refugee

May 16 2007 | 6:46pm ET

One of the latest to abandon ship at Ivy Asset Management has landed on solid ground at Antarctica Asset Management.

Alan Chuang, who departed from the $16 billion fund of hedge funds last week, joined Antarctica on Monday as a principal in charge of research.

“We think very highly of Alan and we are very excited to have him here,” said Francisco Salonia-Ruzo, principal of New York-based Antarctica. Salonia-Ruzo explained that the firm’s six principals, including Chuang, all know each other from their days at JP Morgan.

“We are very excited about our returns and we continue to look for niche [hedge funds],” said Salonia-Ruzo, who co-founded the fund of funds shop in 2001.

Meanwhile, Chuang’s departure from Ivy last week, along with that of Alexander
Rabinovich, brings the number of high-level executives fleeing the Bank of New York’s fund of funds unit to at least ten this year. The exodus began in December when chief investment officer Adam Geiger stepped down.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR