Cowen-Ramius Looking For New Hires, Acquisitions

Nov 30 2009 | 10:25am ET

Now that it’s gone public and acquired an investment bank in one fell swoop, Cowen Group—the former Ramius Capital—is looking to grow.

CEO Peter Cohen says the combined firm is hiring, particularly investment banking veterans. Cowen is trying to snatch talent from Wall Street firms that face pay restrictions due to their acceptance of government bailout funds.

Cowen is building its financial institutions and real-estate investment trust teams, The Wall Street Journal reports.

The reverse-merger of Cowen and Ramius gave the hedge fund “permanent capital,” Cohen said. And the firm plans to raise even more, announcing a $100 million stock offering last week. Cohen told the Journal that the proceeds could be used for acquisitions.

“We’re only going to do what we think we can be good at doing,” Cohen said. “We’re not going to build just for the sake of building.”


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of