Tuesday, 30 September 2014
Last updated 8 hours ago
Apr 6 2011 | 12:15pm ET
Ramius Capital is pulling the plug on another multi-strategy vehicle.
The firm, now the hedge fund arm of investment bank Cowen Group, which Ramius acquired in 2009, has begun to liquidate its onshore Multi-Strategy fund of hedge funds, HFMWeek reports. The move comes almost a year after the firm decided to shutter its two multi-strategy hedge funds in the wake of a large redemption.
The demise of the Multi-Strategy FOF is not so much the result of redemptions as the lack of inflows. Investors haven’t warmed to the 13-year-old vehicle, which returned just 5% last year and 8% in 2009, years in which the average hedge fund posted double-digit returns. The fund currently has about $36 million in assets.
Ramius, however, retains a toe-hold in the multi-strategy space. The $140 million offshore version of the Multi-Strategy fund of funds will remain.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...