Ivy After Asian Money With New Hong Kong Office

Feb 20 2008 | 12:55pm 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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of