Ramius LLC, (“Ramius”) the global investment management business of Cowen Group, Inc. (“Cowen”) (Nasdaq:COWN), today announced that Jacob “Jake” Walthour will be joining the firm as Vice-Chairman of New Business and Product Development. In this new role, Mr. Walthour will be responsible for expanding the firm’s relationships within the global financial community, creating alternative investment solutions and attracting talented investment teams to the Ramius institutional platform.
Michael Singer, Chief Executive Officer of Ramius, said, “Jake is an extremely accomplished industry professional with a unique blend of client, research and investment experience, and we are thrilled to have him join Ramius. Over the past year, we’ve made great progress in developing our platform, expanding our capabilities and building broader and deeper relationships in the investor community. We look forward to Jake’s contributions to advance our efforts even further.”
Thomas W. Strauss, Chairman of Ramius, said, “Jake has worked at some of the industry’s most experienced and successful firms and personally advised sophisticated institutional investors on a global basis. This experience coupled with the human, intellectual and financial resources of Ramius will drive our growth and expand strategic relationships. We collectively welcome him to the team.”
Jake Walthour commented, “Our business continues to evolve in ways that require open-mindedness, client-centric thinking and willingness to partner with LPs. Our commitment will be to developing differentiated products and customized solutions in structures that offer better alignment with their portfolio needs. What attracted me to Ramius is the firm’s leadership, entrepreneurial culture and robust operational platform that gives each investment team the ability to focus on generating solid results for clients. I am excited to be joining such a deep and dynamic organization.”The Ramius platform currently offers capabilities in small-cap activism, healthcare royalties, customized alternative solutions, event driven equity, real estate, long/short credit and managed futures. The firm has also been at the forefront of liquid alternative strategies including the recently launched event driven equity fund (Ticker:REDIX/REDAX).