Cowen Completes Acquisition of Businesses from CRT Capital

NEW YORK–(BUSINESS WIRE)–May 9, 2016–
Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that it completed its previously announced acquisition of CRT
Capital Group LLC’s (“CRT”) credit products, credit research, special
situations and emerging markets units. Financial terms of transaction
were not disclosed.

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, sales and trading and prime
brokerage 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.

Source: Cowen Group, Inc.

Cowen Group, Inc.
Stephen Lasota, 212-845-7919
or
Media:
Nancy
Wu, 646-562-1259

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