Deal talk as Ivory assets shrink

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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