NEW YORK, NY — September 25, 2017 — Cowen Investment Management LLC, the global investment management business of Cowen Inc. (“Cowen”) (NASDAQ: COWN) with $11 billion in assets under management, announced today that Elizabeth Flisser Rosman has joined the firm as Managing Director and Head of Strategy. Ms. Rosman will draw on her deep experience in seeding and incubating alternative investment strategies to help Cowen expand its alternative investment management platform by developing internal investment capabilities and partnering with outside managers.

Ms. Rosman has been sourcing, seeding and incubating alternative investment managers since 1999, when she joined Capital Z, one of the most successful hedge fund sponsors of its time. She most recently led new hedge fund manager development efforts at Reservoir Capital Group, a privately held investment company.

“We are extremely fortunate to have Elizabeth join Cowen as the firm continues to expand existing products, invest in managers and develop new investment vehicles relevant to Cowen’s sector expertise and the global environment,” said Fred S. Fraenkel, Head of Investment Management and Vice Chairman of Cowen. “Elizabeth has the experience, deep industry knowledge and proven judgment to have an immediate impact on our platform and help Cowen meet the needs of our clients.”

“We are beyond pleased to have found a partner with the strategic vision that Elizabeth offers,” said Thomas W. Strauss, Chairman of Cowen Investment Management. “She is well-equipped to help us navigate a changing alternative investment landscape.”

Ms. Rosman has held numerous board level positions at alternative investment funds and has overseen sizeable investments.

“I am excited to join Cowen Investment Management, which has already brought so many talented investment teams into the alternative space,” said Ms. Rosman. “I’m confident that our team will continue to identify the managers and strategies that will be attractive to investors in these ever-evolving market cycles and economic conditions.”

About Elizabeth Flisser Rosman

Elizabeth Flisser Rosman is Head of Strategy at Cowen Investment Management. Previously, she was Managing Director and Partner at Reservoir Capital Group, a private investment company, where she led the firm’s efforts in identifying, seeding and incubating hedge fund managers for Reservoir Strategic Partners. She co-founded and served as CEO for Message Protocols LLC, a financial services technology company. Prior to that, she was President and Partner at Capital Z Asset Management. Ms. Rosman joined Capital Z in July 1999 and was responsible for sourcing, evaluating, and structuring the firm’s hedge fund investments, and monitoring sponsored funds and strategic investments. Previously, she was at Goldman Sachs & Co in the Financial Institutions and Equity Capital Markets groups. Ms. Rosman holds a B.A. in American Studies from Barnard College.

About Cowen Inc.

Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading, prime brokerage, global clearing and commission management through its two business segments: Cowen Investment Management and its affiliates make up the Company’s alternative investment segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s broker-dealer segment. Cowen Investment Management provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen 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.

Media Contacts:

Cowen Inc.
Lynda Caravello
646-562-1676
lynda.caravello@cowen.com

Gagnier Communications
Dan Gagnier
646-569-5897
dg@gagnierfc.com