Caerus Global Investors, a long/short equity manager, struck a partnership with Ramius that gives the small firm a $100 million seed investment, boosting its assets to $170 million.
The firm has been renamed Caerus Investors and joins the Ramius alternative investment platform, which provides the firm with investment infrastructure as well as operational, sales and marketing support, said Dan Gagnier, a Ramius spokesman.
Ramius also assumed ownership of a stake in Caerus’ business, the size of which is not being disclosed, Mr. Gagnier said.
Ward Davis, Caerus’ founder and chief investment officer, and Brian Agnew, managing partner and co-portfolio manager, continue to lead the firm.
“Ward and Brian have clearly shown the ability to generate outstanding risk-adjusted returns and their strategy resonates with the needs of our global base of clients,” said Michael Singer, Ramius’ CEO, in a company news release.
