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19/03/2008
Former Ivy CIO Geiger makes New Legacy bow
NEW YORK: Adam Geiger, the former chief executive officer of fund of hedge fund (FoHF) firm Ivy Asset Management, has launched his own firm called New Legacy, which has in turn launched its first product called the New Legacy Fund.
The new FoHF vehicle, which launched in January, invests in a diversified range of hedge fund strategies on a global basis. The fund requires a minimum investment of $1m and has a 1/10 fee structure. The assets in the FoHF and its number of underlying managers are not known.
The firm did not return calls to HFMWeek by press time.Geiger, New Legacy’s CIO and president, was previously CIO at Jericho, New York-based Ivy Asset Management.
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Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
Comment: William Keunen
"The majority of managers have now filed their Form ADV for registration with the SEC, but that is nothing compared with what Form PF requires"
Progress report
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