Jacob “Jake” Walthour will join alternative investment manager Ramius as vice chairman of new business and product development.
The position is new and will give Mr. Walthour responsibility for expanding global client relationships, creating new alternative investment solutions strategies, and adding more money management teams to Ramius' institutional investment platform, said Carissa Felger, a company spokeswoman, in an interview.
Mr. Walthour is expected to join Ramius during the first quarter, although a precise date has not been determined. He will be based in Ramius' New York headquarters, Ms. Felger said.
Ramius managed $9 billion as of Dec. 31 in investment strategies including long/short credit, managed futures, real estate, event-driven equity and health-care royalties.
Mr. Walthour is managing director, responsible for business development and client service, at alternative investment consultant Cliffwater. Stephen L. Nesbitt, Cliffwater's CEO, said in an interview that Mr. Walthour's departure will be “very amicable.” Mr. Nesbitt said he anticipates that Mr. Walthour's role at Cliffwater will be filled through an internal promotion.