Sunday, 3 May 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…