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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Sponsored Content

Editor's Note