Saturday, 25 October 2014
Last updated 14 hours 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.