New York (HedgeCo.net) – Ramius LLC, the $10.3 billion hedge fund management business of Cowen Group, Inc., has announced that Eric Greenhut has joined the firm as a Managing Director and Head of Quantitative Trading.

In a newly created role, Greenhut will be responsible for the management and development of the ongoing search for premier quantitative traders, researchers, and programmers. Greenhut will report to Thomas W. Strauss, President and CEO of Ramius.

“We welcome Eric to the firm and believe that his experience and skillset will be a valuable asset as we expand and advance our quantitative trading platform,” said Mr. Strauss. “Over the last two years, this platform has been generating superior results for Ramius’ own proprietary trading activities. As a result, we intend to grow the group substantially, both to enhance returns on our proprietary capital and to develop systematic trading products that will meet the ever evolving needs of our clients. We look forward to Eric’s contributions as we continue to build out Ramius’ quantitative trading group.”

Greenhut brings 16 years of financial services experience with him to Ramius. Prior to joining the firm, he served as Managing Member of quantitative trading firms Hut Trading LLC & Hut Capital LLC since 2003. Previous to that, he was Managing Director, Portfolio Manager, and a Director of Research at BNP Paribas/Cooper Neff. Greenhut is an honors graduate of Harvard College and Phillips Academy.