Cowen Group, Inc. at a Glance


  • “Collaborative culture”
  • “As much responsibility as one could possibly get as an analyst”
  • “Best senior management in the world”


  • “Very health care-centric”
  • “Too thinly staffed”
  • “Comp needs to be more in line with Street”

The Buzz

  • “Very strong healthcare franchise”
  • “Middle market and middle of the road”
  • “Good research on small- to mid-cap firms”
  • “Mediocre”

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services company focused on active management and alpha generation. It has two main business units: Cowen and Company, a full-service emerging growth investment bank that provides specialized equity research, investment banking advice, and non-conflicted trading and execution services; and Ramius, an alternative investment manager that offers a range of differentiated alpha-generating alternative investment products and services.

Cowen and Company is focused on certain sectors of the U.S. economy such as aerospace and defense industrials, energy, health care, technology, media and telecommunications (TMT), information and technology services, consumer goods, transportation, metals and mining, and real estate. Investment banking services include M&A advisory and equity and debt financings. Its institutional equity sales and trading unit offers trading capabilities including electronic and options trading. The firm's equity research unit covers more than 800 companies, making it one of the largest equity research providers outside of the bulge bracket investment banking firms.

Ramius has a 20-year history in the investment management business, and has evolved into an institutional quality investment platform consisting of both in-house and affiliated teams. As of July 2015, it had $13.2 billion in assets under management. Investment capabilities include activism, health care royalties, alternative solutions, event, real estate, managed futures, and global macro.

The firm's history can be traced back to 1918, when Harry Cowen and Arthur Cowen Sr. opened a small bond brokerage business in New York City. By the 1920s, the Cowens' firm had joined the NYSE, and began offering clearing and execution services for correspondent clients.  Research and institutional sales were added in the 1960s, and the firm's expertise in technology and health care dates to 1976, when Cowen bought Boston-based institutional research firm G.S. Grumman. Cowen's reach went beyond U.S. borders in the 1980s with the opening of offices in London, Tokyo, Paris, and Geneva. The investment banking unit debuted in 1986, and just over a decade later, in 1998, Cowen was acquired by France's Societe Generale. But the marriage didn't last long; by 2006, Cowen was an independent company once again, as SocGen agreed to spin off the investment bank. Cowen issued its IPO in July 2006, and in 2009, it agreed to merge with the hedge fund, Ramius. Today, Cowen employs more than 660 people. It is led by Peter Cohen, the firm's chairman and CEO.

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Cowen Group, Inc.

599 Lexington Avenue
New York, NY 10022
Phone: (646) 562-1000
Vault ID: 728


  • Employer Type: Public
  • Stock Symbol: COWN
  • Stock Exchange: NYSE
  • Chairman & CEO: Peter Cohen
  • 2015 Employees: 664

Major Office Locations

  • Beijing, China
  • San Francisco, CA
  • Stamford, CT
  • Boston, MA
  • New York, NY

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