Opinion

Is it the end of Ivy as we know it?

by

The body has not been pronounced dead yet, but a team of investigators is already looking for clues for why this once robust $15 billion fund of funds firm now appears to be on life support.

By Niki Natarajan

The body has not been pronounced dead yet, but a team of investigators is already looking for clues to find out why the once robust $15 billion fund of funds firm, founded by Larry Simon and Howard Wohl in 1984, now appears to be on life support. How did this shining star fall so far?

As InvestHedge went to press, Ivy Asset Management was still in the intensive care unit, but, from the outside, the now $4.99 billion firm looked perilously close to the graveyard. Indeed, sources say some staff have started to send CVs flying