Ramius Trading Strategies, a subsidiary of Ramius Alternative Solutions, today launched its first hedge fund of funds, RTS Global Fund.
The fund focuses on active trading strategies, investing primarily in managed futures and global macro managers through a separate or managed account format, said spokesman Dan Gagnier.
Ramius Alternative Solutions made a $45 million seed investment in RTS Global Fund, Mr. Gagnier said.
William Marr is president and CEO of Ramius Trading Strategies, with Alexander Rudin named director of investment research and Nadine Haidar head of business due diligence.
Prior to joining Ramius' parent company, Cowen Group, in July, all three worked together at Merrill Lynch Alternative Investments in the hedge fund-of-funds area. Mr. Marr was managing director and global head of hedge fund research and portfolio construction; Mr. Rudin, senior investment analyst for a managed futures hedge fund of funds; and Ms. Haidar, senior business due diligence analyst, according to a Cowen Group news release. Information about their replacements could not be learned.
Thomas W. Strauss, president and CEO of Ramius, said in the news release: “We believe RTS Global Funds' use of a complementary portfolio of strategies with low correlation to other hedge fund strategies and traditional bond and equity markets, as well as the platform's level of sophistication, are defining benefits for our alternative investments business.”