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Michael Singer Joins Ramius As Chief Executive Officer

Since the company’s founding in 1994, Ramius has grown into an alternative asset manager with more than $10.4 billion in assets under management, with offices in key financial centers around the world.

About Michael Singer

Prior to joining Ramius, Michael Singer most recently served as Head of Alternative Investments at Third Avenue Management. In that role Mr. Singer was responsible for overseeing the development of Third Avenue’s alternative products business.

Before that, Mr. Singer was Co-President of Ivy Asset Management, a Fund of Hedge Funds business with over $14 billion in assets. At Ivy, Mr. Singer established Ivy’s strategic plan and ran the firm’s day to day activities.

Mr. Singer began his career at Weiss, Peck & Greer where he spent nine years and served as Senior Managing Director overseeing day to day operations, new product development, client relationship management, hedge fund sales and marketing and risk functions.

Mr. Singer received a Bachelor of Science degree in accounting with honors from Penn State University and a Juris Doctorate from the Emory University School of Law.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative investment, 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 is its broker-dealer segment. Its alternative investment products, solutions and services include hedge funds, replication products, managed futures funds, fund of funds, real estate and health care royalty funds. Cowen and Company offers 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 located in major financial centers around the world.

About Ramius LLC

Ramius, the global alternative investment management business of Cowen Group, Inc., offers a broad range of investment solutions to institutions and private clients worldwide. Founded in 1994, Ramius and affiliates manage $10.4 billion (as of October 1, 2012) across multiple asset classes and investing styles. A significant portion of Cowen's proprietary capital is managed by Ramius in strategies alongside its clients.

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