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June 20, 2018  

Macnguyen Pulls Plug on Ivory After 20 Years

Curtis Macnguyen’s Ivory Capital is shutting down following several years of disappointing returns and investor withdrawals.The 20-year-old firm, which runs a fundamental long/short equity strategy, has suffered a sharp decline in assets — from $3.6 billion in 2015 to about $1.5 billion today. A source said Ivory’s staff was told by Macnguyen on June 8 that he was pulling the plug. Another source said limited partners will be...

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