Monday, 27 April 2015
Last updated 36 min ago
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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…