Cowen Prime Services Wins US Hedge Fund Services Award

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Cowen Prime Services LLC (formerly Concept Capital Markets, “Cowen Prime”), the prime services division of Cowen, has been named Best Boutique Prime Broker at the 2015 HFM US Hedge Fund Services Awards. In addition, Cowen Prime was a finalist in six categories: Best Overall Prime Broker, Best Prime Broker – Start Ups, Best Prime Broker – Innovation, Best Prime Broker – Consulting Services, Best Prime Broker – Capital Introduction, and Best Prime Broker – Technology. The HFM US Hedge Fund Service Awards recognize hedge fund service providers that have delivered outstanding customer service and innovative product development over the past 12 months.

Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, “We are proud to receive HFM’s award for Best Boutique Prime Broker and to be included among a distinguished group of hedge fund service providers. To receive top honors in this category, we had to demonstrate Cowen Prime’s superior technical expertise and customer service and its positive impact on clients. Client testimonials in support of our consideration for the award were a key criteria.”

“It all begins with the fact that we understand and anticipate our clients’ needs and preferences,” commented Mr. Seibald. “As former investment managers ourselves, we understand the complexity in launching and managing a hedge fund. This gives us the ability to deliver tools and support services designed to improve the administrative and operational aspects of our clients’ business. With robust custody, execution and clearing, portfolio management and reporting, and operational support solutions, Cowen Prime is well-positioned to serve our clients’ critical needs. Furthermore, as part of Cowen Group, clients are supported by additional value-added services such as non-conflicted trade execution, sophisticated equity research and investment conferences.”

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. Cowen Prime Services is headquartered in Garden City, New York with offices across the US. The firm is registered a broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC. For additional information, visit www.cowenprimeservices.com.

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, 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.

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