If there were ever a question regarding what Curtis
Macnguyen had planned for Ivory Investment Management after its
recent split with FrontPoint Partners, it was this: to continue
to make money for his investors - and more of it.
Since announcing in February that his $2 billion
value-oriented long/short operation would leave FrontPoint, the
Greenwich, Conn., multimanager platform, Macnguyen has lost no
time in hiring staff to replace the marketing and back office
support it had received from FrontPoint.
Los Angeles-based Ivory has also quickly moved to beef up
its investment team. Just last month, Ivory hired analysts Raji
Khabbaz and Steven Baum, both formerly of Pierce Street Capital
Partners, a New York long/short fund founded by Khabbaz, who