Deal talk as Ivory assets shrink

Tue Jul 1, 2003



Another spate of staff departures at Curtis Macnguyen's Ivory Capital Management has further rattled investors in the group, which has seen its assets dwindle to about $250 million mid-year, from a peak of $1.2 billion only two years ago. The turbulence comes as rumors continue to circulate that Ivory may be the target of a merger deal with stories going round that the firm has been approached by a number of suitors.

Leaving Ivory in early July was firm controller Mitch Pressman, who departed to take a similar post with a Philadelphia-based...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now