Cowen Adds Hedge Fund Strategist

Feb 27 2007 | 2:17pm ET

New York-based investment banking services firm Cowen Group has hired Scott Ryles to boost its hedge fund services business.

“As hedge funds have extended their activities to include M&A, private equity, lending and venture capital, it is important for us to further cultivate these relationships in order to more effectively monetize these opportunities,” Cowen CEO Kim Fennebresque said. “Scott will be responsible for developing alternative investment strategies for hedge funds.”

Prior to joining Cowen, Ryles served as CEO of quantitative strategy firm Procinea Management. He also worked in various investment banking posts at Merrill Lynch for 15 years.

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