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.”
