Prime Value AM adds new portfolio manager
Boutique fund manager, Prime Value Asset Management has appointed Richard Ivers as its new portfolio manager within its Australian equities team.
Ivers would be working with the Prime Value Equities team, along with other portfolio managers ST Wong and Leanne Pan. Additionally, he would be responsible, alongside ST Wong, for managing the Prime Value Emerging Opportunities Fund which is a benchmark unaware high conviction fund investing in companies with a market capitalisation of less than $500m.
Ivers, who has over 16 years’ experience covering Australian equities in both portfolio management and research analyst roles, joined from Contango Asset Management where he was portfolio manager of the small companies fund.
Prior to this, he was a portfolio manager at river Capital and a senior research analyst at Ord Minnett.
Prime Value Asset Management’s chief executive, Yak Yong Quek said: “Richard has developed a strong track record across different disciplines. He brings a good understanding of business strategy and finance having worked for several companies in the IT and finance sectors in Europe.”
Recommended for you
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.
