Plugging the Ivory Gap

In February, Curtis Macnguyen, founder and a managing partner of Los Angelesbased Ivory Investment Management, announced that he was ending his long-distance marriage with Greenwich, Connecticut-based hedge fund conglomerate FrontPoint Partners. Two and a half years earlier, Macnguyen had partnered with FrontPoint -- which provides hedge funds with trading, risk management, back-office support and other services in return for a cut of their fees -- so that he and his team could focus on managing their $300 million in assets.

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