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
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
