Ramius Capital Group LLC
Ramius Capital Group LLC | Hedge Fund Notes
The following piece on Ramius Capital Group LLC is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.Resource #1: (12.3.08) Ramius Capital, an activist hedge fund, is informing its investors that it will close four funds with a combined $550 million in assets, the Wall Street Journal said, citing people familiar with the fund.
The assets of the four funds are focussed in convertible bonds, distressed credit and securities of merging companies, the paper said.
Ramius' biggest fund, the $2.1 billion multistrategy Ramius Fund, could shrink by about $500 million or more if investors stick with plans to pull out money, the paper said citing people familiar with the fund. source
Resource #2: US hedge fund manager Ramius Capital has offered to slash its performance fees by a quarter if investors will stay in its funds, as losses mount in the hedge fund industry and clients redeem their capital. Source
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