Thursday, 29 January 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…