Fomer Contango Asset Management portfolio manager Richard Ivers has joined boutique fund manager Prime Value Asset Management.
Mr Ivers moves into the new position after two years at Contango Asset Management, where he was portfolio manager of its small caps fund.
He has more than 16 years of experience in portfolio management and research analysis.
He is a former portfolio manager at River Capital, and before that was senior research analyst at Ord Minnett for more than six years.
Mr Ivers will work with Prime Value’s equities team and take responsibility for its emerging opportunities fund with portfolio manager ST Wong.
Commenting on the appointment, Prime Value chief executive Yak Yong Quek said Mr Ivers had developed a “strong track record”.
“He brings a good understanding of business strategy and finance, having worked for several companies in the IT and finance sectors in Europe,” Mr Quek said.
“We think that combination of corporate experience and financial analysis is well suited to our approach.”
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