Stuart Davies, former managing director and global head of investments at Ivy Asset Management, has joined Ramius Fund of Funds Group as a managing director and chief investment officer.

Davies, who begins at Ramius on Jan 20, will also be a member of the firm’s investment management committee.

Former CIO Thomas Strauss will remain chief executive officer of Ramius and a member of its investment management committee. 

“Global financial markets and the hedge fund industry experienced tremendous upheaval in 2008, which will create significant investment opportunities in the years to come,” said Strauss.

“To better position Ramius’ Fund of Funds Group to capture these opportunities for our investors, we have segregated executive duties and we are very pleased to be able to name someone of Stuart’s caliber as our chief investment officer.”