New York (HedgeCo.net) – Cowen Group, Inc. announced the creation of Ramius Trading Strategies LLC , a subsidiary of Ramius Alternative Solutions LLC, and the launch of the RTS Global Fund. The multi-manager RTS Global Fund offers clients exposure to hedge funds focused on active trading strategies, primarily Managed Futures and Global Macro, through RTS’s newly developed managed account platform.
In conjunction with the launch of RTS Global Strategies, Cowen’s multi-manager alternative investment business, Ramius Alternative Solutions LLC, has made a significant seed investment and is providing the infrastructure support.
“RTS Global Fund is a concentrated single strategy, multi-manager portfolio trading across roughly 250 markets in commodities, currencies, equities, and fixed income.” William Marr, President and CEO of RTS, said, “With no structural long biases in any asset class, no requirement for access to borrowed capital, active, trading-oriented portfolio management, and access to outstanding managers, we believe the strategy reduces structural and indirect risks for clients while presenting a compelling investment opportunity.
“The financial crisis had many lessons for the hedge fund industry, and one of the most important is that investors are demanding more control of assets, better liquidity, and significant, daily transparency,” said Peter Cohen, Chairman and CEO of Cowen Group, Inc. “We are very pleased to have the opportunity to work with Bill Marr and his team to create a managed account platform that delivers significant liquidity safeguards, has one hundred percent position level transparency and daily risk attribution and NAV estimate reporting for clients.”
Marr was the Global Head of Hedge Fund Research & Portfolio Construction at Merrill Lynch from 2006 to 2009, where he oversaw more than $25 billion in hedge fund assets. Prior to that, he was the Global Head of Alternative Investments for Julius Baer Investment Management from 2002 to 2006. Marr has 24 years of industry experience and has been allocating to hedge funds through managed accounts since 1997.
Editing By Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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