$3 billion AUM
a subsidiary of
has been acquired by
Financial advisor to Ramius & Cowen Group
AllianceBernstein to acquire 100% interest in Ramius Alternative Solutions (RASL)
August 31, 2016 – AllianceBernstein has agreed to acquire a 100% interest in Ramius Alternative Solutions (RASL), an entity jointly-owned by Ramius, the investment division of Cowen Group (NASDAQ: COWN) and its principals.
RASL provides its global institutional client base with an array of bespoke alternative investment solutions, including:
This acquisition adds new investment capabilities in factor-based and alternative risk premia solutions to AllianceBernstein and expands the firm's multi-asset and alternative investments offerings.
This transaction represents Freeman & Co’s 53rd M&A asset management transaction and 25th in the manager-of-managers sector.