Former Contango Portfolio Manager joins boutique fund manager

Boutique fund manager, Prime Value Asset Management, has announced the appointment of Richard Ivers to its Australian equities team as a portfolio manager, effective March 2018.

In this role, Ivers will be responsible for managing the Prime Value Emerging Opportunities Fund, alongside portfolio manager, ST Wong.

Ivers has over 16 years' experience covering Australian equities in both portfolio management and research analyst roles, and seven years in corporate finance and strategy roles. Most recently, he was portfolio manager of Contango Asset Management's small companies fund, a role he held for two years. Prior to this, he was a portfolio manager at River Capital and a senior research analyst at Ord Minnett.

Commenting on his appointment, Prime Value Asset Management CEO, 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. We think that combination of corporate experience and financial analysis is well suited to our approach."