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Five to seven years ago there were no specific fund portfolio construction tools as the hedge fund industry was in its infancy

Global asset management organisation uses powerful analytical software to customise client portfolios for optimum investment returns

Ramius (LLC), the global alternative investment management business of Cowen Group, Inc. is using AlternativeSoft to construct and manage its client portfolios. The investment team uses AlternativeSoft for client portfolio construction, portfolio optimisation and managing risk. The software provides them with a comprehensive analysis of portfolio exposures to economic factors, risk elements and hedge fund strategy styles. As Ramius has moved towards providing more customised portfolios for clients, AlternativeSoft offers additional functionality and is easier to use than an in house system, enabling Ramius to better service clients’ requirements.

The AlternativeSoft platform is being used by the Portfolio and Risk Management team for portfolio analysis and optimisation. The Platform is linked to all hedge fund databases, Bloomberg, Lyxor managed accounts and Morningstar Hedge fund returns are updated daily if available, enabling the analysis of portfolio exposures to be set against economic factors and hedge fund strategy styles.

The team uses AlternativeSoft to run simulations of stress tests against historical financial data for existing portfolios. The core risk data for a portfolio is calculated using AlternativeSoft and then exported into Excel where it is further analysed within particular frameworks to produce tailored reports for individual clients. The portfolios can then be adjusted to meet clients’ specific requirements and risk thresholds.

Vikas Kapoor, Co-Head of Alternative Solutions; “As an organisation Ramius has been moving towards providing more customised portfolios for clients. AlternativeSoft is the perfect solution in that it enables us to create and apply specific modeling constraints on portfolios, which means that they are more likely to meet client needs.

“Five to seven years ago there were no specific fund portfolio construction tools as the hedge fund industry was in its infancy. However, flexible options like AlternativeSoft give us all of the specific analytical functionality of an in-house system, but packaged with a user friendly interface – and we don’t have to worry about support or development issues.”

Laurent Favre, founder, CEO and partner at AlternativeSoft said, “Our clients invest in our software platform knowing that they can take financial decisions which are supported by solid academic models. Our software enables Ramius to create unique, tailored portfolios in a user friendly and robust environment.”


About Ramius
Ramius LLC (“Ramius”) is the asset management arm of Cowen Group, Inc., a diversified financial services firm. Ramius oversees a broad platform of alternative investment programs including hedge funds, real estate debt and equity funds, cash management, a managed account fund of funds platform focusing on trading strategies, and a hedge fund investment and advisory solutions business which includes customized and commingled fund of funds, portfolio completion, portfolio hedging, and hedge fund replication services.
Founded in 1994, Ramius and affiliates manage $11.2 billion across multiple asset classes and investing styles. A significant portion of Cowen's proprietary capital is managed by Ramius in strategies alongside our clients.

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About AlternativeSoft
Founded in 2005 in Switzerland and now headquartered in London, AlternativeSoft provides at software platform for portfolio construction; ETFs, mutual funds, hedge funds and fund of hedge funds selection; index returns forecasting and; hedge fund indices' replication. The AlternativeSoft platform is linked to all hedge fund databases, Bloomberg, Lyxor managed accounts and Morningstar.

The AlternativeSoft platform is fast to learn and easy to use and ensures that users are rapidly able to build a portfolio with low downside risks using ETFs, mutual funds, futures, hedge funds and fund of fund models.

AlternativeSoft continues to expand in both Switzerland and UK operations.

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Editors Contacts

Laurent Favre
Tel: +44 (0) 207 510 2003

Andreina West/Mary Phillips
PR Artistry Limited
Tel: +44 (0) 1491 639500

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