NEW YORK--(BUSINESS WIRE)--Ramius LLC (“Ramius”), the global investment management business of Cowen Group, Inc. (“Cowen”) (Nasdaq:COWN), today announced a partnership with Samantha Greenberg's newly-launched Margate Capital (“Margate”). Margate, a multi-sector equity long/short alternative asset manager, will leverage the institutional infrastructure and operational expertise of Ramius, which is providing seed capital to the new venture.
Founded this year, Margate will pursue a fundamental long/short equity strategy emphasizing catalysts and sector themes and will deploy a rules-based risk approach to protect capital and reduce volatility. Samantha Greenberg is the Managing Partner and Chief Investment Officer of Margate, a woman-owned investment management business. Before she founded Margate, Ms. Greenberg served as partner and media/consumer sector head on the investment team of Paulson & Co. Inc., where she managed equity investments in media, cable, consumer discretionary and staples sectors from 2009-16. Ms. Greenberg previously worked in Goldman Sachs’ Special Situations Group and at Chilton Investment Company investing in TMT and consumer industries. Ms. Greenberg has been named to the Hedge Fund Journal/Ernst & Young’s “50 Leading Women in Hedge Funds.” She holds an MBA from Stanford University’s Graduate School of Business and a B.S. in Economics, summa cum laude, with dual concentration in Finance and Strategic Management, from the Wharton School of the University of Pennsylvania.
“We are excited to partner with Ramius, whose track record of successfully identifying and supporting emerging managers makes them the ideal strategic partner for Margate,” said Ms. Greenberg. “We are fortunate to benefit from Ramius’ expertise and capital, and our seasoned investment team looks forward to providing investors with our disciplined catalyst-focused absolute return strategy.”
Michael Singer, Chief Executive Officer of Ramius said, "Samantha has proven herself an astute and skilled investor, and we believe her talents are well-suited to markets where alpha generation is in short supply. As Samantha's partner, we are committed to doing everything we can to build a successful business together. We believe that Samantha’s formidable investment skills and talents will benefit our institutional and high net worth clients worldwide."
Margate will initially manage proprietary capital for Cowen and will launch a commingled product in coming months.
About Ramius LLC
Ramius LLC is an alternative investment manager with $13.3 billion in assets under management as of January 1, 2016, offering innovative products and solutions across the liquidity spectrum to institutional and private clients. Ramius offers capabilities in long/short equity (consumer), long/short equity (multisector), 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, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. For additional information, visit www.cowen.com.