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Article: The Bank of New York's Ivy Asset Management Corp. and DBS Asset Management Create Partnership to Deliver the DBS Absolute Return Fund.
- Article from:
- Business Wire
- Article date:
- February 3, 2003
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Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 3, 2003
New Venture to Provide Alternative Investment Solutions for Retail
Investors in Singapore
The Bank of New York today announced a partnership between Ivy Asset Management Corp. (Ivy), a wholly owned subsidiary of The Bank of New York, and DBS Asset Management (DBSAM), one of the largest and most experienced investment management organizations in Singapore.
As part of the agreement, Ivy and DBSAM will launch the DBS Absolute Return Fund, the first in a series of alternative investment solutions for retail investors in Singapore. The fund will be distributed exclusively by ...