MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 20, 2005 Ivy Funds Get New CIO Michael Avery, the former directory of equity research at Waddell & Reed Financial, has been promoted to chief investment officer. Avery will also take the title of CIO of Waddell & Reed Investment Management Co. and Ivy Investment Management Co., the advisor to Waddell & Reed's Ivy Funds. Avery, also the portfolio manager of the Waddell & Reed Advisors Asset Strategy Fund, the Ivy Asset Strategy Fund and the W&R Target Asset Strategy Fund, will continue to manage the funds in his new role. Matthew Norris, also a portfolio manager, will take the title of director of equity research. Norris will remain portfolio manager of the Advisors, Ivy and W&R Target Value funds, according to a release. Printed from: MFWire.com/story.asp?s=9919 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |