Cowen Wins European Hedge Fund Services Award

Named Best Prime Broker – Innovation

NEW YORK–(BUSINESS WIRE)–May 10, 2017–
Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Cowen’s international prime services division has been
named Best Prime Broker – Innovation at the 2017 HFM European Hedge Fund
Services Awards. Cowen also received a commendation in the Best Boutique
Prime Broker category. The HFM European Hedge Fund Service Awards
recognize hedge fund service providers that have delivered exceptional
customer service and innovative product development over the past 12
months.

Kevin LoPrimo, Head of International Prime Brokerage Services, said,
“Our goal is to support local managers with value-added tools and
services that contribute to their long-term success. So we are
especially proud to be recognized by the hedge fund industry for
innovation, our first award since launching our international prime
services offering in the fall of 2016. As the international division of
an established US prime services business, we have developed robust
technology solutions and support services that serve our clients’
critical needs, including custody, execution and clearing, financing,
portfolio management and reporting, and operational support solutions.
In addition, our outsourced trading capabilities are available on a
global basis.”

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 www.cowen.com.

Source: Cowen Group, Inc.

Media:
Gagnier Communications
Dan Gagnier, 646-342-8087

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