Monday, 30 November 2015
Last updated 2 days ago
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.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…