Sat, Aug 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Ramius to launch hedge fund replicator mutual fund with daily liquidity

Friday, July 23, 2010

Benedicte Gravrand, Opalesque London:

Ramius LLC, the asset management division of Cowen Group Inc. (Nasdaq: COWN), yesterday announced the creation of its first mutual fund, Ramius Dynamic Replication Fund.

The news in itself would be unnoticed within the hedge fund industry if it weren't for the edge of that fund. Indeed, it is meant to focus on hedge fund replication, and to provide "investors the opportunity to access market exposures typically characterized by investments in hedge funds, but with the daily liquidity of a mutual fund."

It will start operating by month-end, with more than $100m in initial capital.

Thomas W. Strauss, President and CEO of Ramius, said, "With the Ramius Dynamic Replication Fund, we ... offer the same level of sophistication to a broader universe of retail clients, who typically have a more limited range of alternative investment options. The Fund will also enhance the breadth of Ramius' suite of alternative products in order to better meet the needs of investors including the largest global institutions, the increasingly important high net worth segment, and the relatively underserved retail marketplace."

Drawbacks and upside of clones The ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner