Peter Cohen’s Ramius plans to liquidate two multi-strategy hedge funds

June 25th, 2010
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Alternative fund manager Ramius, which merged with Cowen Group late last year, has announced its decision to liquidate the Ramius Multi-Strategy and Ramius Enterprise funds, both multi-strategy hedge funds. According to HFM Week, Unicredit, one of the main investors, decided that it wanted to redeem its $668 million in assets through the end of this year, leading Ramius founder Peter Cohen to decide to liquidate the two hedge funds. Ramius will offer investors in the two funds redemptions on the liquid portions of their investments, but the assets held by the company itself, which make up over 50% of the Ramius Enterprise fund, will continue to trade.

Ramius has also stated that the firm is offering assets in some Lehman Brothers-owned segregated portfolios to potential buyers, including other multi-strategy offerings, convertible arbitrage and credit opportunities.
For Detailed Investor Profiles on these Investors, click below:
Ramius Capital Group
Related People: Jeffrey Smith; Jeffrey Solomon; Mark R. Mitchell; Morgan Stark; Peter Cohen; Thomas Strauss
Related Entities: Cowen Group Inc. (NASDAQ: COWN); Ramius Alternative Investments; Ramius Credit Fund; Ramius Enterprise LP; Ramius Intermediate Fund; Ramius Multi-Strategy Fund; Ramius Value and Opportunity Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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