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Cowen Prime Services Named Best Global Prime Broker at the 2017 Hedgeweek Awards

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Cowen Prime Services LLC, the prime services division of
Cowen, was named Best Global Prime Broker at the 2017 Hedgeweek Global
Awards. This is the second consecutive year that Hedgeweek has honored
Cowen Prime Services with this award.

The Hedgeweek Global Awards celebrates excellence among hedge fund
managers and service providers and celebrates the achievements of firms
that contributed to another significant year for the sector. The
winners, who were presented with their awards in London on March 3rd,
were decided by a poll of Hedgeweek readers, who include both investors
and managers as well as other industry professionals at firms including
fund administrators, custodians, accountants and auditors, law firms,
consultants and fund distributors. The final winners in both the manager
and service provider categories were confirmed by the Hedgeweek team.

Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, “We
are proud to have been recognized by industry professionals, including
hedge fund managers and the service providers catering to their needs.
This award reflects our unwavering commitment to clients and the prime
services industry. As former investment managers, we understand the
challenges associated with managing a hedge fund. Therefore, we worked
extremely hard to ensure that our tools and support services would
improve the administrative and operational aspects of our clients’
businesses. In addition, we provide clients with access to
non-conflicted trade execution, cutting edge research and access to
industry leading investment conferences. We are honored to play a role
in our clients’ success.”

About Cowen Prime Services LLC

Cowen Prime Services offers a comprehensive suite of brokerage and
related services that provide traditional and alternative investment
managers with solutions that are customizable and scalable. The firm was
built by former investment managers to serve hedge funds, managed
accounts and liquid alternatives with turnkey solutions designed to free
its clients to focus on their core competencies. Our offering features
world-class custody and clearing options, multi asset class
capabilities, leading execution and order management systems, a seasoned
execution desk, a range of financing options, a highly professional
operations and customer support team, comprehensive portfolio reporting
capabilities, capital introduction, and live, intraday and post-trade
risk and performance analytics. Cowen Prime Services was formed in 2015
following Cowen Group’s acquisition of Concept Capital Markets, LLC. The
firm is a registered broker dealer and investment advisor with the SEC,
and is a member of FINRA, NFA and SIPC. For additional information,

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, a member of FINRA and SIPC, 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. For additional information, visit

Source: Cowen Group, Inc.

Gagnier Communications
Dan Gagnier, 646-273-9391