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Cowen Prime Services Wins Hedgeweek USA Award 2016

Named Best North American Prime Broker for the Second Consecutive Year

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Cowen Prime Services LLC (“Cowen Prime”), the prime
services division of Cowen, has been named Best North American Prime
Broker at the 2016 Hedgeweek USA Awards. The award is based on a peer
review system whereby Hedgeweek’s readers, including institutional and
high net worth investors, hedge fund managers and other industry
professionals at fund administrators, prime brokers, law firms,
custodians and advisers, select the top performer in a series of

Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, “We
are proud that Hedgeweek readers voted for Cowen Prime as the Best North
American Prime Broker. As former investment managers, we understand the
complexity of launching and managing an alternative investment fund. Our
role is to support clients with best-in-class tools and services that
will improve the operational and administrative aspects of their
business. This includes robust custody, execution and clearing,
portfolio management and reporting, and operational support solutions.
Operating under the Cowen banner over the past year has also afforded us
the opportunity to support our clients with additional services such as
sophisticated equity research, investment conferences and non-conflicted
trade execution.”

This award is the second consecutive year, and the third in four, that
Cowen Prime has been recognized as “Best North American Prime Broker” by
Hedgeweek USA. Earlier this year, Cowen Prime was named “Best Global
Prime Broker” by Hedgeweek Global for the third consecutive year.

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