Ramius Vets Found Securities Lending Shop

Apr 17 2009 | 8:33am ET

Allen Wolkow and Janah Angelou, both formerly of Ramius Capital Group, have founded Hedge-Source, a securities-lending consulting firm. The New York-based operation targets hedge funds that do not have their own in-house securities lending units and focuses on equity strategies.

According to Angelou, there is a growing trend amongst hedge funds to either employ or consult securities lending professionals, as funds are reevaluating their financing practices.

“Hedge funds are becoming increasingly aware of the opportunities that were previously overlooked,” said Angelou. “In this environment, fund managers are eager to recapture the alpha that has been lost on borrowed securities.”

Wolkow has spent the last 23 years and Angelou the last 15 years specializing in securities lending at various hedge funds.

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