Type	Public
Traded as	NASDAQ: COWN
Industry	Financial Services Investment Banking Asset Management
Founded	1918
Headquarters	599 Lexington Avenue New York City, New York,United States
Key people	Peter A. Cohen, Chairman and CEO Jeffrey M. Solomon, CEO, Cowen and Company Thomas W. Strauss, CEO and President, Ramius Morgan B. Stark, Chairman of Ramius Alternative Investments  and Head of Macro Trading Strategy Stephen A. Lasota, Chief Financial Officer Owen Littman, General Counsel
Products	Investment Banking Research Institutional Sales and Trading Alternative Investments and Solutions Cash Management Real Estate Healthcare Royalty/Private Investments
Revenue	$233,810 millionUSD (2010)
Net income	$31,690 million USD(2010)
Website	www.cowen.com

Cowen Group Inc. is a diversified financial services firm that provides alternative investment management,investment banking, research, and sales and trading services through its two business segments: Ramius, LLC, a global alternative investment management business, and Cowen and Company, LLC, a broker-dealer business. Founded in 1918 by Harry Cowen and Arthur Cowen, Jr., the Firm is headquartered in New York and has offices located worldwide.

Cowen Group, Inc.
Originally founded as a bond trading house, the Firm expanded in its early years to include correspondent clearingand execution services. As the Firm grew, it developed a leadership position in railroad bonds and launched a research and institutional sales business. The Firm expanded significantly in the 1970s in research and retail, opening six offices from coast-to-coast and expanding its business offerings through acquisitions: Hardy & Company, Greene & Ladd, G.S. Grumman and McCloy-Watterson & Co., Inc. In the 1980s, Cowen expanded internationally, established an investment banking business, and set up offices in London, Geneva, Paris, and Tokyo. In the 1990s the Firm grew the investment banking business, beginning with five IPOs and follow-ons for approximately $200 million, growing to nearly 80 transactions and $5 billion in proceeds by 1995. The Firm remained independent until 1998 when it was acquired by the French financial services company, Société Générale, and renamed SG Cowen. In 2000, the Firm sold its private client services unit to Lehman Brothers, retaining its investment banking, research and sales and trading operations. The Firm operated as a unit of Societe Generale until 2006, when it was spun off in an initial public offering and renamed itself, Cowen and Company. The public offering was joint bookrun by Cowen, Credit Suisse and Merrill Lynch. In 2009, the company merged with Ramius LLC to form a diversified financial services company. In February 2011, Cowen acquired LaBranche & Co. Inc., a market-maker in options, exchange-traded funds and futures on various exchanges. Today the Firm specializes in the Health Care,Technology, Media and Telecommunications, Consumer, Aerospace and Defense, Financial Technology, REITS andAlternative Energy sectors.

Cowen and Company
Cowen and Company, founded in 1918, is the broker-dealer business of Cowen Group. Cowen and Company offers a range of investment banking services, including: equity and convertible debt financings, private placements of equity and debt, and mergers and acquisitions advisory services including strategic alliances, joint ventures, and restricted security sales. Cowen and Company also provides clients access to proprietary research and institutional sales and trading services primarily in the healthcare, technology, media and telecommunications, consumer, aerospace and defense, financial technology, REITs and alternative energy sectors. Business units within Cowen and Company include:
• Research• Investment Banking• Institutional Sales and Trading

Ramius LLC
Ramius LLC, founded in 1994, by Peter Cohen, Jeff Solomon, Morgan Stark, and Tom Strauss, is the global alternative investment management business of Cowen Group. Ramius is focused on delivering returns to investors through a range of alternative investment vehicles, including hedge funds, fund of funds, and real estate and cash management.[9] Ramius and its affiliates manage $11.2 billion* across different asset classes and investing styles.[14] A significant portion of Cowen’s proprietary capital is managed by Ramius in strategies alongside its clients. Business units within Ramius include:

As of October 1, 2011
• Ramius Alternative Investments LLC "RAIL" (Hedge Funds)• Ramius Alternative Solutions LLC “RASL” (Fund of Hedge Funds)• Ramius Trading Strategies LLC ("RTS")• Real Estate Funds• Cowen Healthcare Royalty Partners ("CHRP")• Cash Management and Mortgage Advisory Services
Worldwide Locations