IKOS Co-Founder Coward Quits

Dec 15 2009 | 5:17am ET

One of the most prominent husband-and-wife teams in the hedge fund industry is no more. Martin Coward, who co-founded quantitative hedge fund shop IKOS Asset Management with his wife, has left the firm.

Coward, who served as chairman and chief investment officer of the firm he helped set up 17 years ago, plans to start his own hedge fund.

“I have decided to leave Ikos to recreate my vision of a research focused team with talented, experienced professionals,” Coward told Albourne Partners. “I plan to establish a smaller investment management company to manage family and other assets.”

Elena Ambrosiadou, Coward’s wife and the head of IKOS, told the Daily Telegraph, “Martin is serving up to 12 months’ notice with further agreement and goodwill.”


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