Ivy Asset Management Corp. is a hedge fund of funds and alternative investment management firm with more than $14 billion in assets. Ivy Asset Management Corp. provides real time client services in the major financial markets throughout the world from offices in New York, San Francisco, London and Tokyo. Founded in 1984, Ivy offers a wide range of risk-adjusted, performance-driven multi-manager products from diversified proprietary fund portfolios to customized programs for a full range of global institutional investors. The firm is a wholly owned subsidiary of The Bank of New York Company. Ivy is also a Registered Investment Adviser with the U.S. Securities and Exchange Commission and is licensed as a non-discretionary resident Securities Investment Adviser with the Japanese Financial Services Agency. Ivy Asset Management Ltd., a wholly owned subsidiary of Ivy, is authorized and regulated by the Financial Services Authority in the United Kingdom.