DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
Former SEC-registered adviser
Ramius Advisors, LLC
Legal name Cowen Investment Advisors, LLC
Latest filing Jun 22, 2023
First filing on the tape Mar 29, 2012 · 28 filings
RAUM
$489M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
31
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
$328M gross assets
History
28 filings and snapshots on the tape
RAUM$489M as of Mar 31, 2023
Mar 29, 2012$4.1B then
HNW client RAUM$0 as of Mar 31, 2023
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2023
Mar 22, 20130 then
Employees (5.A)31 as of Mar 31, 2023
Mar 22, 201347 then
Private funds8 as of Mar 31, 2023
Mar 29, 20129 then
RAUM -31% over the last fiscal year-18% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Jun 22, 2023; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $30.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -31%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
- Custody
- $285M, 10 clientsreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$285M61%
- Investment companies$182M39%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 16reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $285M for 10 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
45 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Rcg Special Opportunities Fund Ltd.no longer reported | Hedge Fund | $172M | 4 | Jan 4, 2013 |
| Rcg International Opportunities Sarlno longer reported | Hedge Fund | $145M | 13 | Jan 4, 2013 |
| Ramius Private Select Ltd.no longer reported | Hedge Fund | $113M | 2 | Jan 4, 2013 |
| Ramius Enterprise Master Fund Ltd.no longer reported | Hedge Fund | $113M | 2 | Mar 29, 2012 |
| Ramius Intermediate Fund LPno longer reported | Hedge Fund | $87.6M | 2 | Jan 4, 2013 |
| Rcl Linkem II LLC | Hedge Fund | $73.8M | 109 | Feb 26, 2014 |
| Ramius Merger Master Fund Ltd. | Hedge Fund | $68.7M | 35 | Nov 12, 2013 |
| Ramius Credit Opportunities Master Fund Ltd.no longer reported | Hedge Fund | $62.0M | 28 | Mar 29, 2012 |
| Rcg Overseas, Ltd. | Hedge Fund | $56.2M | 16 | Mar 29, 2012 |
| Ramius Enterprise LP | Hedge Fund | $49.8M | 31 | Jan 4, 2013 |
| Ramius Multi-Strategy Fund Ltd. | Hedge Fund | $49.4M | 64 | Jan 4, 2013 |
| Ramius Merger Fund LLCno longer reported | Hedge Fund | $35.5M | 23 | Jul 19, 2013 |
| Rcg Intermediate Fund II, LPno longer reported | Hedge Fund | $34.4M | 1 | Jan 4, 2013 |
| Rcg Domestic LPno longer reported | Hedge Fund | $34.3M | 2 | Jan 4, 2013 |
| Rcg Linkem LLCno longer reported | Hedge Fund | $29.8M | 12 | Jan 4, 2013 |
| Ramius Multi-Strategy Fund II Ltd.no longer reported | Hedge Fund | $20.3M | 2 | Jan 4, 2013 |
| Rcl Linkem LLC | Hedge Fund | $13.9M | 105 | Jan 4, 2013 |
| Rcg Io Renergys Sarlno longer reported | Private Equity Fund | $10.7M | 6 | Mar 18, 2016 |
| Rcg Pb Ltd.no longer reported | Hedge Fund | $10.3M | 2 | Jan 4, 2013 |
| Rcg Linkem II LLCno longer reported | Hedge Fund | $8.6M | 19 | Jan 4, 2013 |
| Ramius Multi-Strategy Fund LP | Hedge Fund | $8.4M | 113 | Jan 4, 2013 |
| Ramius Enterprise Ltd. | Hedge Fund | $8.2M | 10 | Jan 4, 2013 |
| Ramius Convertible Arbitrage Master Fund Ltd.no longer reported | Hedge Fund | $6.3M | 13 | Mar 29, 2012 |
| Ramius Multi-Strategy Master Fund Ltd.no longer reported | Hedge Fund | $5.5M | 4 | Mar 29, 2012 |
| Rcg Renergys LLCno longer reported | Hedge Fund | $5.4M | 13 | Jan 4, 2013 |
| Ramius Merger Arbitrage Master Fund Ltd.no longer reported | Hedge Fund | $4.7M | 1 | Jan 4, 2013 |
| Ramius Co-Investment I LLCno longer reported | Hedge Fund | $4.4M | 21 | Mar 22, 2013 |
| Ramius Levered Multi-Strategy Master Fund Ltd.no longer reported | Hedge Fund | $3.7M | 69 | Mar 29, 2012 |
| Ramius Co-Investment II LLCno longer reported | Hedge Fund | $3.1M | 30 | Jul 19, 2013 |
| Rcg White Castle LLCno longer reported | Hedge Fund | $3.1M | 14 | Jan 4, 2013 |
| Rcg Bolton LLCno longer reported | Hedge Fund | $2.7M | 14 | Jan 4, 2013 |
| Ramius Multi-Strategy Fund II LPno longer reported | Hedge Fund | $2.7M | 34 | Mar 29, 2012 |
| Rcg O'Connell LLCno longer reported | Hedge Fund | $2.6M | 10 | Jan 4, 2013 |
| Ramius Multi-Strategy Fund (Euro) Ltd.no longer reported | Hedge Fund | $2.2M | 3 | Jan 4, 2013 |
| Ramius Select Equity Fund LPno longer reported | Hedge Fund | $1.6M | 10 | Mar 29, 2012 |
| Rcg Sanchez LLCno longer reported | Hedge Fund | $755,767 | 4 | Jan 4, 2013 |
| Ramius Co-Investment III LLCno longer reported | Hedge Fund | $745,560 | 15 | Aug 20, 2014 |
| Rcg Alno LLCno longer reported | Hedge Fund | $442,003 | 11 | Jan 4, 2013 |
| Ramius Levered Multi-Strategy Fund Ltdno longer reported | Hedge Fund | $418,972 | 38 | Jan 4, 2013 |
| Ramius Convertible Arbitrage Fund Ltdno longer reported | Hedge Fund | $343,570 | 9 | Feb 26, 2013 |
Owners and control persons
Schedule A and B, latest filing
- G Michael Benwitt · Chief Operating Officer And General Counsel, Cowen Investment Management LLCcontrolsince 01/2012 · owns less than 5%
- Paige Ashley Latourelle · Chief Compliance Officercontrolsince 08/2022 · owns less than 5%
- Rachel Elizabeth Rosman · Head Of Investment Management, Cowen Investment Management LLCcontrolsince 08/2018 · owns less than 5%
- David James Ryan · Chief Financial Officer, Cowen Investment Management LLCcontrolsince 08/2015 · owns less than 5%
Entity owners
- Cowen Investment Management LLC · Managing And Sole Memberdirect · owns 75% or more
- Cowen Inc. · Parentindirect · owns 75% or more of Cowen Investment Management LLC · public reporting company
- Td Group US Holdings LLC · Shareholderindirect · owns 75% or more of Toronto Dominion (U.S.A.) Holdings, Inc.
- The Toronto-Dominion Bank · Shareholderindirect · owns 75% or more of Td Group US Holdings LLC · public reporting company
- Toronto Dominion (U.S.A.) Holdings, Inc. · Shareholderindirect · owns 75% or more of Cowen Inc.
Related persons
Schedule D 7.A
- Atm Execution LLCbroker-dealern
- Cowen And Company (Asia) Limitedbroker-dealern
- Cowen And Company, LLCbroker-dealern
- Cowen Execution Services Limitedbroker-dealern
- Cowen Financial Products LLCbroker-dealern
- Cowen Healthcare Investments II Gp LLCbankpooled vehicle sponsorn
- Cowen Healthcare Investments III Gp LLCbankpooled vehicle sponsorn
- Cowen Healthcare Investments IV Gp LLCbankpooled vehicle sponsorn
- Cowen International Limitedbroker-dealern
- Cowen Investment Management LLCinvestment adviseryRAUM $2.1B
- Cowen Prime Advisors LLCinvestment advisernRAUM $345M
- Cowen Sustainable Advisors LLCinvestment advisern
- Ramius Trading Strategies LLCinvestment advisernRAUM $52.6M
- Csi Gp I LLCbankpooled vehicle sponsorn
- Hcr Collateral Management, LLCinvestment advisern
- Healthcare Royalty Management, LLCinvestment advisernRAUM $3.8B
- Quarton International Agbroker-dealern
- Rcg Longviewinvestment advisernRAUM $398M
- Rcg Longview Partners II, LLCinvestment adviserpooled vehicle sponsorn
- Rcg Re Manager LLCn
- Westminster Research Associates LLCbroker-dealern
Advisers that list Ramius Advisors, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Assets in custody · $452M to $285MJan 12, 2023 to Mar 31, 2023
- Other offices · 1 to 0Jan 12, 2023 to Mar 31, 2023
- Discretionary RAUM · $707M to $489MJan 12, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $452M to $285MJan 12, 2023 to Mar 31, 2023
- RAUM · $707M to $489MJan 12, 2023 to Mar 31, 2023
- Advisory employees · 6 to 4Mar 29, 2021 to Mar 29, 2022
- BD registered reps · 3 to 2Mar 29, 2021 to Mar 29, 2022
- Pooled vehicle clients · 13 to 10Mar 29, 2021 to Mar 29, 2022
- Assets in custody · $443M to $452MMar 29, 2021 to Mar 29, 2022
- Employees · 32 to 31Mar 29, 2021 to Mar 29, 2022
- Other offices · 2 to 1Mar 29, 2021 to Mar 29, 2022
- Discretionary RAUM · $817M to $707MMar 29, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $443M to $452MMar 29, 2021 to Mar 29, 2022
- RAUM · $817M to $707MMar 29, 2021 to Mar 29, 2022
- Accounts · 20 to 16Mar 30, 2020 to Mar 29, 2021
- BD registered reps · 4 to 3Mar 30, 2020 to Mar 29, 2021
- Pooled vehicle clients · 14 to 13Mar 30, 2020 to Mar 29, 2021
- Assets in custody · $510M to $443MMar 30, 2020 to Mar 29, 2021
- Employees · 52 to 32Mar 30, 2020 to Mar 29, 2021
- Private funds · 9 to 8Mar 30, 2020 to Mar 29, 2021
- Discretionary RAUM · $898M to $817MMar 30, 2020 to Mar 29, 2021
- Pooled vehicle RAUM · $510M to $443MMar 30, 2020 to Mar 29, 2021
- RAUM · $898M to $817MMar 30, 2020 to Mar 29, 2021
- Accounts · 18 to 20Mar 29, 2019 to Mar 30, 2020
- Advisory employees · 5 to 6Mar 29, 2019 to Mar 30, 2020
- BD registered reps · 6 to 4Mar 29, 2019 to Mar 30, 2020
- Pooled vehicle clients · 15 to 14Mar 29, 2019 to Mar 30, 2020
- Assets in custody · $615M to $510MMar 29, 2019 to Mar 30, 2020
- Employees · 49 to 52Mar 29, 2019 to Mar 30, 2020
- Other offices · 0 to 2Mar 29, 2019 to Mar 30, 2020
- Private funds · 10 to 9Mar 29, 2019 to Mar 30, 2020
- Discretionary RAUM · $849M to $898MMar 29, 2019 to Mar 30, 2020
- Pooled vehicle RAUM · $615M to $510MMar 29, 2019 to Mar 30, 2020
- RAUM · $849M to $898MMar 29, 2019 to Mar 30, 2020
- Accounts · 16 to 18Mar 30, 2018 to Mar 29, 2019
- Advisory employees · 12 to 5Mar 30, 2018 to Mar 29, 2019
- Advisory activities · 2 to 3Mar 30, 2018 to Mar 29, 2019
- BD registered reps · 7 to 6Mar 30, 2018 to Mar 29, 2019
- Pooled vehicle clients · 12 to 15Mar 30, 2018 to Mar 29, 2019
- Assets in custody · $838M to $615MMar 30, 2018 to Mar 29, 2019
Signals
6 dated events
- Ramius Advisors, Llc reported RAUM $488.6M, down 31% from $707.5M (2023-01-12 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Paige Ashley Latourelle (Chief Compliance Officer) appeared on Schedule A of Ramius Advisors, LlcJan 12, 2023 · Control person joined · fact
- Ramius Advisors, Llc reported RAUM $849.5M, down 34% from $1.3B (2018-03-30 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- Wolff Thomas Strauss (Chairman, Cowen Investment Management Llc) no longer on Schedule A of Ramius Advisors, Llc (listed 2018-03-30, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
- Steven Fred Fraenkel (Interim Head Of Investment Management, Cowen Investment Management Llc) no longer on Schedule A of Ramius Advisors, Llc (listed 2018-03-30, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
- Rachel Elizabeth Rosman (Head Of Investment Management, Cowen Investment Management Llc) appeared on Schedule A of Ramius Advisors, LlcMar 29, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Ramius Advisors, LLC · Private Equityshared crd · organization
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026