Thursday, 18 September 2014
Last updated 7 hours ago
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.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.