Ivy reorganises management structure

Fri Feb 6, 2009

Ivy Asset Management is shaking up its management team replacing chief investment officer Peter Noris and co-president Michael Singer, as assets under management are nearly halved in recent months falling to $7.2 billion due to performance and investor redemptions.

"While we believe the future holds great opportunities for investment returns, in the near term, our focus will continue to be capital preservation,"...

ISSN: 2151-1845 / CDC10004H

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