Twenty three professionals contribute to Ivory's investment research, risk management, idea generation and trade execution efforts. Below are the Partners and Principals on the Investment Team.
Curtis
G. Macnguyen
Founder and Partner – Head Portfolio Manager
Mr. Macnguyen attended the University of Pennsylvania and graduated summa
cum laude with a B.S.E. from the Wharton School in 1990. Mr. Macnguyen
began his career at Morgan Stanley & Co. as a financial analyst from
1990 to 1991. At Morgan Stanley, he was involved in mergers and acquisitions
and restructuring activities. From 1991 to 1993, Mr. Macnguyen was employed
by Gleacher & Co. as a senior financial analyst. Mr. Macnguyen joined
Siegler, Collery & Co., a fundamental value-based hedge fund, in 1993
as an investment analyst and a member of the team responsible for a number
of that company’s significant investments. In 1995, Mr. Macnguyen
left Siegler, Collery & Co. and formed his own value-oriented investment
firm, CM Advisors, Inc. He subsequently dissolved CM Advisors, Inc. in 1996
and rejoined Siegler, Collery & Co. as a partner and portfolio manager.
In November 1998, he founded Ivory Investment Management, L.P.
Christopher
T. Winkler, CFA
Partner – Chief Risk Officer
Mr. Winkler graduated with highest distinction from Indiana University
with a B.S. in Finance and Real Estate from the School of Business. While
at Indiana, Mr. Winkler was elected to the Beta Gamma Sigma, Phi Beta
Sigma and Alpha Lambda Delta honor societies and was awarded the Wall
Street Journal Student Achievement Award. Upon graduation, Mr. Winkler
joined the corporate finance department of Dean Witter Reynolds as a financial
analyst. At Dean Witter Reynolds, Mr. Winkler was involved primarily in
the underwriting of equity securities for public corporations and trusts
and helped raise $2.3 billion of capital. Following his tenure at Dean
Witter Reynolds, Mr. Winkler joined CM Advisors, Inc. as a financial analyst.
At CM Advisors, Inc., he was responsible for the analysis and monitoring of
certain investments. Mr. Winkler then joined Siegler, Collery & Co.
While at Siegler, Collery & Co., Mr. Winkler was employed as a portfolio
manager and was responsible for instituting and overseeing numerous investments.
Two years later, Mr. Winkler left Siegler, Collery & Co. with Mr.
Macnguyen to join him in forming Ivory Investment Management, L.P. In
1998, Mr. Winkler was awarded the CFA designation.
Partner – Analyst
Mr. Jorge graduated summa cum laude from the University of Pennsylvania with a B.S. in Economics from the Wharton School of Business. Upon graduation, Mr. Jorge worked as an investment banking analyst in the Los Angeles office of Donaldson, Lufkin & Jenrette. After completing his two-year analyst program, Mr. Jorge joined Soros Fund Management LLC in New York. Mr. Jorge was then engaged as an associate at Bain Capital in their London-based Private Equity Group. Mr. Jorge joined Ivory Investment Management, L.P. in September 2002. Edwin W. Shen
Partner – Analyst
Mr. Shen graduated summa cum laude from the University of Pennsylvania with a B.A. in History and a B.S. in Economics from the Wharton School of Business. Mr. Shen was then employed as an investment banking analyst in the Los Angeles office of Donaldson, Lufkin & Jenrette. Following his tenure there, Mr. Shen joined Bain Capital in its Private Equity Group. While at Bain Capital, he participated in the launch of the London office and its entry into the Western European market. In November 2001, Mr. Shen joined Ivory Investment Management, L.P.
Avery J. Son
Partner – Analyst
Mr. Son graduated magna cum laude from Harvard College with an A.B. in
Economics and has an M.B.A. from the Stanford Graduate School of Business.
After graduation from Harvard, Mr. Son joined J. P. Morgan & Co. as
an analyst in the Mergers and Acquisitions Group. He then became an associate
at Soros Private Equity Partners LLC. Mr. Son joined Ivory Investment
Management, L.P. in August 2002.
Neil P.A. Chudgar
Principal – Analyst
Mr. Chudgar graduated magna cum laude from the University of Southern California with a B.A. in Biological Sciences and was enrolled for over two years as a Doctorate of Medicine Candidate at USC. Mr. Chudgar left USC to join the Los Angeles office of Donaldson, Lufkin & Jenrette as an investment banking analyst. Upon completion of his analyst program, Mr. Chudgar worked for the Trust Company of the West as an associate in their special situations and distressed investing group. Mr. Chudgar joined Ivory Investment Management, L.P. in August 2005.
Bradley M. Lundy
Principal – Analyst
Mr. Lundy graduated from the University of Michigan with a B.A. in Economics. Upon graduation, he joined the Chicago-based proprietary trading firm Third Millennium Trading, and later its affiliate, TMT Bonds. During his tenure, Mr. Lundy worked on the floors of the Chicago Board Options Exchange and the Chicago Board of Trade as an equity options trader. Mr. Lundy earned a Masters of Accounting from the University of Southern California in May 2004. Mr. Lundy joined Ivory Investment Management, L.P. in May 2004.
Matthew J.
Bailey
Partner – Head Trader
Mr. Bailey graduated with highest distinction from the University of Nebraska with a B.S. in Economics and Finance. Upon graduation, Mr. Bailey was a sales and trading associate at J.P. Morgan & Co. Thereafter, Mr. Bailey joined Goldman Sachs & Co. as a U.S.-based NASDAQ securities trader. Mr. Bailey joined Ivory Investment Management, L.P. in January 2002.
Paul J. Reiss
Principal – Trader
Mr. Reiss graduated from Dickinson College with a B.A. in Economics. From 1991 through 1997, he worked at Safian Investment Research, where he held a variety of positions in research, trading, investment management and sales. Mr. Reiss left Safian to join Dawson-Samberg Capital Management as a trader. In 2000, Mr. Reiss was among the group of professionals who left Dawson-Samberg to form Pequot Capital Management and in 2001, he and others left Pequot to form Andor Capital Management. At Andor, Mr. Reiss rose to the position of senior vice president and partner, while serving as head equity trader of diversified hedge funds. In 2005, Mr. Reiss joined Copper Beech Capital Management as head trader and partner. Mr. Reiss joined Ivory Investment Management, L.P. in October 2006.
Julie L. Oberliesen
Principal – Head of Information Research
Ms. Oberliesen graduated with highest distinction from the Honors College at Michigan State University with a B.S. in Finance and Accounting. Upon graduation, Ms. Oberliesen joined Deloitte & Touche Corporate Finance, LLC as an analyst. Ms. Oberliesen joined Ivory Investment Management, L.P. in October 2002.
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