Cowen’s Special Situations Sales and Trading team specializes in trading special situations, including: post-reorg equities, rights offerings, recapitalizations, spinoffs, SPAC acquisitions, privates, and other event-driven situations.

The team primarily focuses on providing alpha generating ideas (including pairs, swap and arbitrage trades) and the subsequent liquidity necessary to execute them. The team also focuses on inflection-point events and functions as a liaison between the Cowen Credit Research and Trading group and the Institutional Equity platform in order to facilitate cross-capital structure trading.