Cowen Group Launches Managed Futures Mutual Fund

Sep 20 2011 | 11:02am ET

New York-based boutique investment bank Cowen Group has launched a managed futures mutual fund.

Cowen is the parent of hedge fund Ramius Capital with which it reverse-merged in 2009. The Ramius Trading Strategies Managed Futures Fund, Cowen’s second mutual fund, is a multi-manager vehicle that began operations on September 13.

The new fund is managed by William Marr, president and CEO of Ramius Trading Strategies, and Alexander Rudin, RTS director of research. Both are Merrill Lynch vets: Marr worked there from 2006 to 2009 as the global head of hedge fund research and portfolio construction while Rudin, during the same period, was a Merrill Lynch senior investment analyst, overseeing more than $4.5 billion in managed futures assets.

The new offering provides investors access to “a portfolio of institutional-caliber managed futures managers in a daily liquidity format utilizing Ramius’ proprietary managed account infrastructure.”

Said Thomas W. Strauss, president and CEO of Ramius: “With Ramius’ second mutual fund offering, we are maintaining our commitment to provide new and diverse liquid alternative products. These products are designed with the intent of meeting the changing needs of all investors, particularly financial advisors and their clients, many of whom have had limited access to institutional-caliber products in the alternative investment space.”


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...