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Real Estate Investment Trusts Analyst Michael Gorman Joins Cowen’s Equity Research Department

Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Michael
has joined Cowen and Company’s Equity Research department as a
Director to cover real estate investment trusts (REITs). Mr. Gorman is
based in New York and reports to Robert Fagin, Cowen’s Director of

“Mike has established himself as a thoughtful and important voice in the
real estate investment community,” said Mr. Fagin. “We are delighted to
welcome him back to Cowen.”

Mr. Gorman will partner with Jim Sullivan and the REITs team already in
place at Cowen, with plans to expand the firm’s real estate coverage
that already spans nearly 40 stocks.

Mr. Gorman rejoins Cowen from Janney Montgomery Scott, where he spent
two years as a senior analyst covering REITs. Prior to that, he was a
Vice President covering REITs at Cowen. Mr. Gorman was previously a
senior research manager at Gerson Lehrman Group, and a senior REITs
analyst at Credit Suisse.

Mr. Gorman holds a Bachelor of Arts degree in economics from Bucknell
and a Masters of Business Administration from New York
University’s Stern School of Business.

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, and sales and trading 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 and a
sales and trading platform for institutional investors. Founded in 1918,
the firm is headquartered in New York and has offices worldwide.

Source: Cowen Group, Inc.

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