This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ramius And Ramius Global Credit Portfolio Managers To Extend Partnership

Stocks in this article: COWN

Ramius LLC, the global investment management business of Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN), today announced that it will enter into a long-term extension of its partnership with portfolio managers, Norman Milner and D. Richard Dowdle.

Thomas W. Strauss, President and CEO of Ramius LLC said, “It is a part of Ramius’s strategy to enable successful portfolio managers to become partners in their businesses while maintaining a significant interest in their continued successes. We believe this partnership will allow for broader opportunities for the business and its investors going forward.”

The funds managed by Messrs. Milner and Dowdle will operate under the name Orchard Square Partners, and will remain committed to operating a global long/short credit strategy, with a focus on long-term capital appreciation and capital preservation through challenging markets. Since the funds launched in 2009, the investment team has invested in corporate credit across large, liquid capital structures.

Norman Milner said, “We believe that the current environment in global long/short credit provides investors with an attractive opportunity to deploy capital defensively and we look forward to pursuing those investments under our new brand. We are pleased to extend our partnership with Ramius, both as an investor and for the operational and distribution platform they will provide for the funds.”

Since inception in 1994, Ramius has assembled a strong group of portfolio managers supported by institutional quality operational and technology infrastructure and has developed a firm wide commitment to excellence in client service.

About Norman Milner

In his most recent role, Mr. Milner was a Managing Director and Co-Portfolio Manager in the Credit Trading group at Ramius LLC. He joined Ramius in September 2008.

Previously, Mr. Milner was a Partner, Portfolio Manager and Head of Trading at Arx Investment Management. Prior to Arx, he worked at Trident Investment Management LLC as a Portfolio Manager for the Macro Hedge Fund in New York. From 1996 to 1999, Mr. Milner was the Head Derivative Trader at Morgan Stanley in New York and London. Prior to that, he worked at Investec Bank and Price Waterhouse in Johannesburg, South Africa.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs