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Perpetual Investment Management has formed a partnership with US hedge fund manager Ramius Alternative Solutions LLC under which Ramius will advise Perpetual on its hedge fund investments.
Ramius will manage Perpetual’s Defensive Alternatives Fund and the Growth Alternatives Fund, two separate customised fund of hedge funds products designed to complement two multi-asset alternatives portfolios.
“We believe that partnering with Ramius can create significant benefits and opportunities for our alternative investments funds to meet the investment objectives of our clients, specifically the high-net-worth client base of Perpetual Private Wealth,” said head of multi manager at Perpetual Damien Webb.
“Through this partnership, we will be able to take advantage of Ramius’ global expertise and contacts, rigorous due diligence process and institutional platform,” he added.
Ramius LLC chief executive Thomas W. Strauss said: “Our partnership with Perpetual further validates the model that Ramius has established as a sophisticated global hedge fund investment platform that has the team, experience, infrastructure and investment processes in place to deliver value-added intellectual capital to sophisticated institutional clients like Perpetual.”
