Farzine Hachemian, Ann Tucker and Charles Carre will join hedge fund-of-funds manager Ivy Asset Management during the next three weeks. All three positions are new, said Steve Bruce, an Ivy spokesman. Mr. Hachemian will be a director in the portfolio management group, according to a letter the firm sent its clients. He will manage hedge fund-of-funds portfolios and oversee manager allocation and portfolio strategy. Ms. Tucker will be a vice president in the investment group and will work on equity market-neutral and relative value strategies. Mr. Carre will be a vice president in the investment groups research group and will research relative value hedge fund managers and strategies.
Mr. Hachemian was a founder and managing partner of Celestar Capital Advisors, an institutional hedge fund research provider. Celestar is reportedly closed, but more information was not available by press time. Ms. Tucker was head of statistical arbitrage at IXIS Capital Markets. Jean Chegory, an IXIS spokeswoman, did not return a call seeking information about a replacement. Mr. Carre was a fixed-income researcher at Citigroup Global Markets; spokeswoman Brooke Berard was unable to provide information about a replacement by press time.