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
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
