Capabilities

Investment Management

Cowen had $10.4 billion in assets under management as of October 1, 2017. We offer innovative products and solutions across the liquidity spectrum to institutional and private clients.

We attract talented investment teams as partners, providing seed and working capital and a robust institutional infrastructure to build sustainable investment businesses. Over decades, Cowen’s leadership has proven its ability to utilize balance sheet capital to build, grow and accelerate investment businesses that meet the changing needs of our clients.

The founding managing members of the investment management division (Peter Cohen, Thomas Strauss, Jeff Solomon, and the late Morgan Stark) have extensive experience derived from prior positions at the most senior levels in global capital markets and investment management.

We have an established network of relationships within the global financial community, as well as a seasoned perspective on the disciplines required to manage successful investment programs. In addition, we have assembled a professional support staff with their own extensive experience within their disciplines.

The founding managing members and senior-level professionals have collectively made significant personal investments in both the investment management division and, alongside Cowen’s clients, in most of the various portfolio strategies.

Multi-Sector Long/Short Equity

Margate Capital

Margate is a multi-sector equity long/short alternative asset manager founded in April 2016 by Samantha Greenberg, a former partner at Paulson & Co. Inc. and veteran of Goldman Sachs’ Special Situations Group.

Margate pursues a thematic, catalyst-focused, fundamental long/short equity strategy, focused on the media, technology, communications, consumer discretionary and consumer staples sectors.

LEARN MORE AT MARGATECAPITAL.COM

Portfolio Managers

  • Samantha Greenberg
    Founder, Managing Partner and Chief Investment Officer, Margate

Contact

145 West 57th Street, 15th Floor
New York, NY 10019
T 212 609 0899
investor.relations@margatecapital.com

Event

Ramius

Ramius Advisors LLC (“Ramius”) pursues event driven and merger arbitrage strategies. Ramius employs a differentiated approach to investing in merger arbitrage that is driven by fundamental research and conviction.

The Ramius merger strategy is a focused portfolio of merger arbitrage transactions, seeking capital efficiency while managing risk through downside projections and dynamic trading.

Portfolio Managers

Contact

599 Lexington Avenue
New York, NY 10022
T 212 201 4870
clientservices@ramius.com

Global Macro

Quadratic Capital

Quadratic is an innovative, woman-owned investment advisory firm focused on global macro strategies. Quadratic express its macroeconomic views primarily with liquid options and swaptions across FX, rates, equities, commodities, and credit.

Quadratic believes that options allow more effective risk management and can add additional alpha to macro themes by exploiting mispricings in volatility markets.

LEARN MORE AT QUADRATICLLC.COM

Portfolio Managers

Contact

39 Lewis Street, 4th Floor
Greenwich, CT 06830
T 203 340 2943
Investor.Relations@QuadraticLLC.com

Activism

Starboard Value

Starboard Value LP is a New York-based investment adviser with a focused and fundamental approach to investing in publicly-traded US companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Starboard’s principals have managed investments in this manner since 2002.

LEARN MORE AT STARBOARDVALUE.COM

Portfolio Managers

  • Jeffrey Smith
    Managing Member, Chief Executive Officer, and Chief Investment Officer, Starboard Value
  • Mark Mitchell
    Managing Member, Portfolio Manager, and Head of Risk Management & Trading, Starboard Value
  • Peter Feld
    Managing Member, Portfolio Manager and Head of Research, Starboard Value

Contact

777 Third Avenue
New York, NY 10017
T 212 845 7977
info@starboardvalue.com

Investor Relations:

clientservice@starboardvalue.com

Healthcare

Cowen Healthcare Investments

Cowen Healthcare Investments was founded to capitalize on the tremendous pace of change and innovation in the healthcare sector. The team has considerable private biopharma investing experience and a disciplined investment history driven by deep diligence of underlying science.

We principally invest in mid- to late-stage private biopharma and digital health companies with scientifically validated targets, compounds, and technologies. We focus on companies with disruptive science, targeting a significant unmet medical need, and experienced management teams.

Contact

599 Lexington Avenue
New York, NY 10022
T 212 201 4870
investor.relations@cowen.com

Healthcare

Healthcare Royalty Partners

HealthCare Royalty Partners is a multi-billion dollar global healthcare investment firm. Founded in 2006, HealthCare Royalty Partners has raised cumulative capital commitments of $3.5 billion to invest in commercial and near-commercial stage life science assets.

HealthCare Royalty Partners investments primarily consist of royalty purchases and debt or debt-like structures. This asset class offers uncorrelated yield and is typically protected by high barriers to entry.

LEARN MORE AT HEALTHCAREROYALTY.COM

Founders

  • Clarke B. Futch
    Clarke B. Futch
    Founder, HealthCare Royalty Partners
    203 487 8300
  • Gregory B. Brown
    Gregory B. Brown, MD
    Founder, HealthCare Royalty Partners
    203 487 8300
  • Todd C. Davis
    Todd C. Davis
    Founder, HealthCare Royalty Partners
    203 487 8300

Contact

300 Atlantic Street, Suite 600
Stamford, CT 06901
T 203 487 8300
F 203 487 8330
info@hcroyalty.com

Business Development / Financing Inquiries:

Paul J. Hadden
Managing Director
D 203 487 8322
bd@hcroyalty.com

Investor Relations:

Carlos M. Almodóvar
D 203 487 8311
carlos.almodovar@hcroyalty.com

Real Estate

RCG Longview

RCG Longview invests in private real estate-related debt and equity opportunities. RCG Longview is uniquely aware of the opportunities and challenges facing real estate investors.

Extensive experience operating its own properties gives RCG Longview unparalleled perspective and enables it to quickly determine both the existing and the potential value of real estate — distinct advantages for developers and investors alike.

LEARN MORE AT RCGLONGVIEW.COM

Portfolio Managers

Contact

7 Penn Plaza, Suite 1400
New York, NY 10001
T 212 356 9200

Investor Relations:

Stacey Sabatos
D 212 356 9243
ssabatos@rcglongview.com

Private Equity

Triartisan Capital Advisors

TriArtisan Capital Advisors is a private equity investing firm focused on making differentiated investments in public and private companies across a broad range of industries.

Our access to institutional capital enables us to make investments in middle and larger capitalization companies as either a lead sponsor or in partnership with many of the world’s leading private equity firms.

LEARN MORE AT TRIARTISAN.COM

Portfolio Managers

Contact

830 3rd Avenue, 4th Floor
New York, NY  10022
T 212 609 0620
clientservices@triartisan.com

Opportunistic Equity

Cowen Growth Equity

Cowen’s growth equity investments are consistent with the organization’s focus on outperformance.  We utilize our balance sheet to make direct investments in small- to medium-sized operating companies that demonstrate compelling risk/return characteristics.  Our strong capital position enables us to take a longer horizon to realize value in our investments.

These investments span a diverse range of industries, including telecommunications, technology, clean tech, engineering and health care. We source and negotiate transactions with compelling risk/return characteristics.

Portfolio Managers

Contact

599 Lexington Avenue
New York, NY 10022
T 212 201 4870
investor.relations@cowen.com

Leadership

For more than two decades, we have demonstrated our ability to identify investment talent and build differentiated products and solutions. We translate that know-how to help investment teams - our partners - build sustainable investment businesses.

  • Thomas W. Strauss
    Vice Chairman, Cowen and Chairman, Investment Management
    646 562 1010
  • Fred S. Fraenkel
    Vice Chairman, Cowen and Head, Investment Management
    646 562 1010