Sunday, 3 May 2015
Last updated 2 days ago
Jul 26 2010 | 1:21pm ET
Ramius is readying its first mutual fund, a hedge fund replication product expected to launch later this month.
The New York-based firm—the alternative investments are of Cowen Group, the boutique investment bank acquired by hedge fund Ramius Capital last year—said the new fund would offer the market exposures typically characterized by hedge funds with a mutual fund’s daily liquidity. The Ramius Dynamic Replication Fund should debut with more than $100 million, the firm said.
“Over the past 15 years, Ramius' asset management platform has evolved within the ever-changing investment landscape to meet increasingly sophisticated demands for investment solutions from the entire range of institutional and high net worth clients,” Ramius CEO Thomas Strauss said. “With the Ramius Dynamic Replication Fund, we are pleased to offer the same level of sophistication to a broader universe of retail clients, who typically have a more limited range of alternative investment options.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…