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Alternative Market Briefing

Ramius launches event driven equity mutual fund that focuses on activism

Tuesday, October 01, 2013

Precy Dumlao, Opalesque Asia:

Ramius LLC is to launch of the Ramius Event Driven Equity Fund, an actively managed alternative mutual fund providing investors with daily liquidity and exposure to a broad spectrum of transformative corporate events.

Ramius is the global investment management business of Cowen Group Inc., a financial services firm.

Michael Singer, Ramius’ CEO, says the Fund offers investors the chance to diversify their portfolios by accessing equity event strategies in a liquid format. "For years," he continues, "many sophisticated institutional investors have benefited from the success of best-in-breed activists and from investments in public company securities undergoing corporate events. Today, we are bringing this opportunity to a much broader range of investors. "

According to Ramius’ announcement, the fund focuses on publicly listed companies that are targets of shareholder activism, mergers, spin-offs, recapitalizations and restructurings. It will be co-managed by Andrew Cohen and Ethan Johnson, who said they believe the Fund is the "only single advisor mutual fund investing directly in activism and transformative corporate events."

Cohen joined Ramius in 2001 and is responsible for the firm’s fundamental proprietary investments in public equity ......................

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