Hedge Funds

Ivory Capital partner Mads Jorge departs


Jorge's coverage of European companies has been taken over by former Empyrean partner Ambereen Toubassy.

Mads Jorge, a partner and senior member of the investment team at $3.4 billion Ivory Investment Management, has left the Los Angeles firm, effective March 31, according to an April 5 letter to investors.

The letter said Jorge had left the firm “to pursue new opportunities” and that his coverage of European companies had been taken over by Ambereen Toubassy, a former partner at Empyrean Capital Partners who joined Ivory in January. Mads could not be reached for comment. Steven Baum, a spokesman for Ivory, did not return a call seeking comment.

Jorge joined Ivory in September 2002 from