Florida Pensions Add Former Ramius Activist Hedge Fund

May 9 2011 | 12:26pm ET

Florida's public pension overseers have added another hedge fund to their portfolios.

The Florida State Board of Administration has handed a $125 million mandate to Starboard Value, an activist hedge fund spun off from Ramius Capital in March. The move follows the FSBA's hiring of Highline Capital Management and Mason Capital Management for a pair of hedge fund mandates totaling $250 million.

Starboard Value is the fourth corporate activist hedge fund hired by the FSBA, Pensions & Investments reports, and the investment is part of the fund's strategic assets allocation.

Starboard Value is helmed by Jeff Smith, Peter Feld and Mark Mitchell, who managed the firm's funds at Ramius. Ramius, now part of Cowen Group, the boutique investment bank Ramius bought at the end of 2009, still owns a minority stake in Starboard Value.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR