Deal talk as Ivory assets shrink


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 hedge fund shop. Some of the recent