Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Ramius: liquid alternatives should replicate, not alter hedge fund strategies

Friday, October 12, 2012

amb
Vikas Kapur
Bailey McCann, Opalesque New York:

Liquid alternatives continue to grow and the space is attracting some big name managers. Hedge fund replication strategies and managed futures are some of the most popular varieties of these new funds and Ramius, the global alternative investment management business of Cowen Group, Inc. offers both of them as part of its expanded liquid alternatives offering.

Historically, Ramius has been a hedge fund catering to institutional investors, the firm’s alternative strategies include Global Long/Short Credit, U.S. Small Cap Value, and Event Driven. Through their work in these strategies, firm principals recognized the need for quality retail products that offer retail investors access to some of the more competitive aspects of hedge fund investing.

"Our hedge fund replication product delivers alternative betas applied against a portfolio of hedge funds with an open ended 40-act fee structure that is similar to a long only mutual fund," explains Vikas Kapur, who manages the Ramius Replication Fund, in an interview with Opalesque

. He notes that the investment team dissects the betas of the portfolio to ensure the best results and also rebalances on a monthly basis against broader macro factors. "We want managers in the fund who can capture the betas we want to extract," he says.

The trading team for this fund is largely the same as the trading team Ramius uses with its institutional client base in o......................

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner