Cowen Prime Services Wins Hedgeweek Award

Named Best Global Prime Broker

NEW YORK--(BUSINESS WIRE)-- Cowen Group, Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that Cowen Prime Services LLC, the prime services division of Cowen, has been named Best Global Prime Broker at the 2016 Hedgeweek Awards. This award is based on a peer review system whereby Hedgeweek’s readers, including institutional and high net worth investors, hedge fund managers, and other industry professionals at fund administrators, prime brokers, custodians, and advisers, select the top performer in a series of categories.

Michael S. Rosen, Global Co-Head of Prime Brokerage Services, said, “It is gratifying to have been recognized by industry peers for our leadership in prime services. This award is meaningful because, as former investment managers who understand the complexity of launching and managing a hedge fund, our goal has been to develop tools and support services that improve the administrative and operational aspects of our clients’ business. These offerings include robust custody, execution and clearing, portfolio management and reporting, and operational support solutions. Through Cowen, we also provide non-conflicted trade execution, sophisticated equity research and access to investment conferences. While some prime brokers are reducing their support of hedge funds, prime services plays a key role in Cowen’s overall business. We are proud that clients continue to choose us to help them grow their business.”

About Cowen Prime Services LLC

Cowen Prime Services offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge funds, managed accounts and liquid alternatives with turnkey solutions designed to free its clients to focus on their core competencies. Our offering features world-class custody and clearing options, multi asset class capabilities, leading execution and order management systems, a seasoned execution desk, a range of financing options, a highly professional operations and customer support team, comprehensive portfolio reporting capabilities, capital introduction, and live, intraday and post-trade risk and performance analytics. Cowen Prime Services was formed in 2015 following Cowen Group’s acquisition of Concept Capital Markets, LLC. The firm is a registered broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC. For additional information, visit www.cowenprimeservices.com.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. For additional information, visit www.cowen.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160314005104/en/

MEDIA:
For Cowen Group, Inc.
Dan Gagnier/Carissa Felger, 212-687-8080

Source: Cowen Group, Inc.

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