Wednesday, 26 April 2017
Last updated 7 hours ago
Feb 17 2006 | 12:00am ET
Investment advisory firm Ivory Asset Management and alternatives manager FrontPoint Partners ended their collaboration this week. The firms had been working together since mid-2003.
“Both firms have agreed to a separation plan that will result in a smooth transition of services from FrontPoint to Ivory and the uninterrupted management of several absolute return strategies by Ivory,” Ivory told FINalternatives.
Monica Everett, spokeswoman for FrontPoint, said, “FrontPoint’s primary goals are protection of investor capital and providing investor choice. This transition accomplishes both.” Both firms declined to elaborate further.