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.”

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