NEW YORK--(BUSINESS WIRE)--Ramius LLC (“Ramius”), the global investment management business of Cowen Group, Inc. (“Cowen”) (Nasdaq:COWN), today announced a partnership with Caerus Investors (“Caerus”). Caerus will join the Ramius alternative investment platform, enabling it to enhance its operations and accelerate the marketing of its fundamental, consumer-focused long/short equities strategy.
Headquartered in New York, Caerus is led by Founder and Chief Investment Officer Ward Davis and Managing Partner and Co-Portfolio Manager Brian Agnew. Mr. Davis was one of three founding partners at Trivium Capital Management, where he co-managed $940 million and oversaw all consumer-focused equities investments. He was also a Managing Director at Chilton Investment Company, where he headed the Consumer Team. Brian Agnew, Caerus Global Managing Partner and Co-Portfolio Manager, was previously a Portfolio Manager at JP Morgan’s Proprietary Equities Fund, and Executive Director at Stadia Capital.
Michael Singer, Chief Executive Officer of Ramius, said, “Ward, Brian and their team have an impressive track record managing consumer focused long/short equity portfolios. We are excited to partner with them and accelerate their growth. Ward and Brian have clearly shown the ability to generate outstanding risk adjusted returns, and their strategy resonates with the needs of our global base of clients.”
Mr. Davis said, “Partnering with Ramius allows our team to focus on its core investment mission while Ramius provides the sales and operational support that will help us achieve our growth ambitions. We look forward to working with Ramius to provide investors with our differentiated, consumer-focused, absolute return strategy.”
About Ramius LLC
Ramius LLC is an alternative investment manager with $13.2 billion in assets under management as of July 1, 2015, offering innovative products and solutions across the liquidity spectrum to institutional and private clients. Ramius currently offers capabilities in healthcare royalties, event driven equity, global macro, activism, customized alternative solutions, real estate, event credit and managed futures. Ramius attracts talented investment teams as partners, providing seed and working capital, an institutional infrastructure, proven sales & marketing and industry know-how to build sustainable investment businesses.
About Cowen Group, Inc.
Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices worldwide.