Neuberger Berman and Ramius, the global investment management business of Cowen Group, have entered into an agreement whereby Neuberger Berman will purchase Ramius’ interest in Orchard Square Partners.
Orchard Square Partners is led by four senior investment professionals, Norman Milner, Rick Dowdle, Darren Carter and Itai Baron, who have worked together for over eight years and have an average of eighteen years of experience.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Orchard Square Partners manages a global long/short credit investment strategy with approximately $475 million in client assets.
The team is supported by seven professionals who will also be joining Neuberger Berman.
Orchard Square Partners manages capital for a diversified investor base comprised of insurance companies, institutions, family offices, high net worth individuals, foundations and endowments from North America, Europe, Asia and the Middle East.
Terms of the deal are undisclosed. The transaction is expected to close on December 31, 2014.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
