Ivy After Asian Money With New Hong Kong Office

Feb 20 2008 | 1:55pm ET

Fund of hedge funds shop Ivy Asset Management has opened an office in Hong Kong, its second in Asia.

Alex Balfour, who joined the firm as head of client development for Asia ex-Japan last year, will lead the new office, which will provide hedge fund and customized service to both institutional and high net-worth investors.

"With over 40% of the firm's assets outside of the U.S., we have seen our international business grow dramatically over recent years," said Patrick Thomson, head of client development for Europe, the Middle East, Africa and Asia. "We expect Asia to represent a key source of business growth for us in the years to come. We are delighted that Ivy is now an active member of this dynamic financial services market."

Jericho, N.Y.-based Ivy, which is part of BNY Mellon Asset Management, opened a Tokyo office in 2004.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of