Former Ivy CEO joins Black Capital as president
Dec. 6, 2016
The position is a new one at the firm launched by Mr. Black, former Janus Capital CEO, in late 2009 to pursue business opportunities focused on the convergence of hedge funds and long-only mutual funds.
Mr. Simon was CEO of Ivy Asset Management until last January, shortly before parent company BNY Mellon Asset Managementdecided to wind down its hedge-fund-of-funds affiliate.
An e-mail Mr. Black sent out Monday to his contacts in the industry, obtained by P&I Daily, said Mr. Simon “will be responsible for business strategy, marketing and operations.” The firm’s products — the first of which could be launched at the start of 2011 — are expected to include hedge funds, mutual funds, separately managed accounts and active ETFs, according to the e-mail.