RamiusLLC on April 12 announced a partnership with 's newly launchedMargate Capital, a multi-sector equity long/short alternative asset manager.
Margate Capital will pursue a fundamental long/short equitystrategy emphasizing catalysts and sector themes, and will deploy a rules-basedrisk approach to protect capital and reduce volatility. It willleverage the institutional infrastructure and operational expertise of Ramius,which is providing seed capital to the new venture.
Margate Capital will initially manage proprietary capitalfor Cowen Group Inc.and will launch a commingled product in the coming months.
Ramius is the global investment management business of CowenGroup.