• Ivory Capital

    Ivory Investment Management, LLC is a research-intensive, fundamental value-based investment firm founded by Curtis Macnguyen in 1998. Headquartered in Los Angeles, Ivory currently manages one long and two long/short equity investment strategies.


Ivory’s investment strategy objective is to deliver superior, risk-adjusted returns with low correlation to market indices, while protecting capital in all market conditions. Ivory seeks to achieve this objective by: (i) emphasizing superior security selection over broad market exposure, (ii) actively managing the spread risk, or correlation risk, between its long and short books, and (iii) developing processes and systems to optimize its investment process. Ivory has attracted and retained an exceptional group of professionals. The investment team’s substantial experience in the investment banking and private equity industries helps to shape the firm’s private market approach to public security investing.

Curtis Macnguyen

Founder, Chief Investment Officer and Co-Head Portfolio Manager

Curtis Macnguyen has over 20 years of investment experience. Curtis graduated from the University of Pennsylvania’s Wharton School summa cum laude with a B.S.E. Curtis began his career as an investment banker at Morgan Stanley and Gleacher & Co. before joining Siegler, Collery & Co., a fundamental value-based long/short equity investment firm, where he became partner and portfolio manager. In 1998, Curtis founded Ivory Investment Management, LLC.

Neil Chudgar

Co-Head Portfolio Manager

Neil Chudgar graduated summa cum laude from the University of Southern California with a B.A. in Biological Sciences. Neil left USC to join the Los Angeles office of Donaldson, Lufkin & Jenrette as an investment banking analyst, before joining Trust Company of the West as an associate in their special situations and distressed investing group. Neil joined Ivory Investment Management, LLC in August 2005.

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