Ivy’s Global Manager Research Group is responsible for identifying and evaluating hedge fund managers to find best-of-breed emerging and established players across a bandwidth of strategies and geographies. The research team operates on a worldwide basis with dedicated research talent in the US, Europe and Asia. The Global Manager Research Group is broken into five distinct specialist areas, namely Long/Short Equity, Event-Driven, Credit, Relative Value and Tactical Trading.

Sourcing
Sourcing high-quality hedge fund managers is the foundation of our research effort. Ivy benefits from a reputation as a leader in the hedge fund industry by attracting many hedge fund players who approach our firm looking for an investment relationship. In addition, our Global Manager Research Group aggressively works to identify new managers. Again, Ivy’s reputation and long-standing position in the industry provides us access to the most sought- after and attractive hedge fund managers, many of whom do not actively market themselves.

Selection
In order for hedge fund managers to be considered for investment, they are carefully scrutinized by our research professionals who conduct rigorous bottom-up examinations. In addition to thorough fundamental analysis, inputs are gathered from the Risk Management & Quantitative Research and Operational Due Diligence Groups to ensure the most comprehensive outputs. These findings are compiled in an Investment Research Recommendation report that profiles the manager and the merits of its investment opportunity. Only those managers for which there is strong conviction and consensus are presented to the Investment Committee for approval.

Ivy is committed to the highest level of integrity in sourcing and selecting managers. Our Global Manager Research Group strictly adheres to the following investment research standards:

Objectivity – Develop and disseminate viewpoints objectively and without external influence

Thoroughness – Conduct a thorough analysis of a manager at all times during the due diligence process

Opinions – Develop opinions based on reasoned analysis and substantiation

Statistical Evidence – If prepared by a third party, disclose the source of information

Reasonable and Adequate Basis – Explain the material facts in sufficient detail to ensure accuracy and completeness

Valuations – Outline the valuation method used in relation to the reporting of illiquid securities

Quality of Research – Ensure that appropriate information is provided and monitor the objectivity of recommendations and quality of due diligence

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