Opalesque Industry Update - Ramius LLC, (“Ramius”) the global investment
management business of Cowen Group, Inc. (“Cowen”, today announced
that it has entered into an agreement for the long-term extension of its partnership with Ramius
Alternative Solutions, LLC (“RASL”) portfolio managers, Stuart Davies and Vikas Kapoor.
RASL offers a range of customized hedge fund investment and advisory solutions with
approximately $2.9 billion in assets under management as of August 1, 2013. Under the
agreement, a new operating committee has been established to oversee the business consisting of
Michael Singer, Chief Executive Officer of Ramius; Thomas W. Strauss, Chairman of Ramius
and Vice Chairman of Cowen Group, Inc.; Stuart Davies, Co-CEO of RASL; and Vikas Kapoor,
Co-CEO of RASL. Michael Singer said, “We are very pleased to continue our longstanding relationship with Vikas and Stuart, as they are exceptionally talented and proven investment professionals. Our partnership with them is another example of the ongoing growth at Ramius and how we meet the demands of sophisticated institutional investors. We will continue to source and develop talented investment teams to expand our capabilities and deliver alpha and solutions to our investors.” Stuart Davies, with Vikas Kapoor, said, “We are delighted to extend our partnership with Ramius and continue to develop the capabilities of RASL with the ongoing benefit of the firm’s infrastructure, operations and marketing capabilities. RASL is uniquely positioned to help institutions meet their demands for creating efficient alternative portfolios, capturing hedge fund alpha, measuring and managing traditional and alternative betas, and managing portfolio volatility. We look forward to a long and productive partnership with our friends and colleagues at Ramius.” Thomas W. Strauss said, “We are thrilled to announce the extension of this partnership. Since Vikas and Stuart joined Ramius in 2008 and 2009, respectively, they have implemented a wholesale change to Ramius’ traditional fund of hedge funds business and successfully created and scaled a differentiated alternatives business focused on creating customized investment solutions for sophisticated global institutions. They have developed proprietary algorithms and tools that enable access to hedge fund exposures for clients who have investment mandates or regulatory constraints that require greater liquidity, transparency, fee sensitivity, or risk management flexibility than a traditional portfolio of hedge funds would allow. We are proud of what they have accomplished for clients, and for Ramius, and we look forward to our ongoing relationship.” press release bc |
Industry Updates
Hedge fund group Ramius and Ramius Alternative Solutions extend partnership
Monday, September 16, 2013
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