Ramius, State Street In Managed Futures Mutual Fund Deal

Jul 30 2014 | 8:17am ET

Ramius Capital has asked investors to let it turn over management of an alternative mutual fund to State Street Global Advisors.

The hedge-fund arm of Cowen Group said it hoped to hire SSgA as the sub-advisor to its Ramius Trading Strategies Managed Futures Fund. Under the plan, SSgA would then hire the open-end mutual fund’s management team to continue running the fund, while Ramius would continue to provide back-office, operational due-diligence and marketing services to the fund.

Shareholders will vote on the plan, which has already been approved by the fund’s board, in September. Pending approval, the fund will be renamed State Street/Ramius Managed Futures Strategy Fund.

“We are excited to collaborate with State Street,” Ramius CEO Michael Singer said. “The proposed sub-advisory agreement will keep in place the fund’s portfolio management team while also providing additional resources to expand its signature investment capabilities.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.