Sunday, 25 January 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.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…