Greenwich, CT. � FrontPoint Partners LLC, the $5.7 billion Greenwich-based investment management firm, today announced that Christopher S. Fox will join Ivory Capital Group, LLC (�Ivory�) effectiveJanuary 1, 2006. Mr. Fox and Ivory founder Curtis Macnguyen will assume the newly created title of Managing Partner. Mr. Fox will be based in New York City.
�FrontPoint is excited about Chris�s decision to join the Ivory investment team. We believe it demonstrates a clear commitment to expand existing strategies and an ability to attract seasoned industry veterans to the FrontPoint platform,� said Phil Duff, FrontPoint�s chief executive officer. �With seventeen years of buy-side experience, including a decade as a hedge fund principal, we believe Chris will have an immediate impact on the team�s ability to generate additional investment ideas that benefit our investors and to expand FrontPoint�s investment capacity.�
Mr. Macnguyen said, �Chris is a proven leader, an industry veteran and a significant addition to our firm. Over the years, Chris has collaborated with several members of our team on numerous investment ideas, and we are excited to have him working with us on a daily basis.�
Mr. Fox said, �Joining Curtis and the investment team is a great opportunity for me. FrontPoint is a well-respected, dynamic firm that has assembled an impressive group of managers. I look forward to contributing to this environment and creating value for investors.�
Mr. Fox most recently was a long/short equity portfolio manager at Cramer Rosenthal McGlynn LLC (�CRM�). Prior to CRM, Mr. Fox co-founded Schaenen Fox Capital Management in 1995, a hedge fund with small cap value investments. Previous to that, he was a vice president and senior manager/analyst at Schaenen Wood & Associates. Mr. Fox holds a degree in Economics from the State University of New York at Albany. He also has an MBA in Finance from New York University�s Leonard N. Stern School of Business.
About FrontPoint Partners LLC
FrontPoint Partners was founded in November 2000 by Philip Duff and Gil Caffray, both former Tiger Management executives, and Paul Ghaffari, previously a portfolio manager with Soros Fund Management and Morgan Stanley.
FrontPoint is an integrated investment management company offering a diverse group of alternative investment strategies off a central platform. Each strategy aims to deliver risk-adjusted absolute returns uncorrelated to broad market indices and is managed by a FrontPoint investment team that specializes in a focused sector or security class. FrontPoint integrates and supports its investment teams through a central infrastructure managed by experienced business professionals who provide trading, risk management, operational support, client management and portfolio consulting. FrontPoint provides relationship-focused, institutional quality client service geared towards enabling its clients to make enhanced asset allocation and portfolio construction decisions. All members of FrontPoint have aligned their long-term interests through shared ownership of FrontPoint�s equity.
