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Michael Singer Benedicte Gravrand, Opalesque Geneva: CEO Michael Singer is leaving Ramius to pursue new career opportunities. It is not yet known which.
Ramius is the global alternative investment management business of Cowen Group.
Prior to joining Ramius, Michael Singer served as head of alternative investments at Third Avenue Management from November 2009 to November 2012. Third Avenue came into the limelight in December 2015 after freezing redemptions to one of its high yield bond mutual funds. Before that, Singer served as co-president of Ivy Asset Management, a fund of hedge funds business with $14bn in assets, between 2004 and 2009. Ivy also came into the limelight when it had to pay a fine $210m in 2012 for advising clients to invest in Bernard Madoff. Singer began his career at Weiss, Peck & Greer where he was senior managing director and executive committee member.
Meanwhile, Ramius has appointed Cowen vice chairman Fred Fraenkel as interim head of asset management. Prior to joining Cowen, Fraenkel was president of Fairholme Capital Management and chief research officer since 2011. Before that, he was vice chairman and chairman of the Investment Policy Committee of Beacon Trust Company. He founded Millennium 3 Capital in 2000, a venture firm specializing in early stage companies, and served as chairman until 2009.
Background
Ramius LLC has $10.7bn in assets under management (AuM). ...................... To view our full article Click here
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