2019 Vault Rankings
At a Glance
“Great colleagues and world-class culture—feels like a small family-owned firm”
“Lots of responsibility early on—a lot of deal experience”
“Very competitive compensation”
“Lack of brand name recognition”
“Middle market deal sizes, sometimes unsophisticated clients”
“Good at what they do”
“Middle market bank”
“Not well known”
About Cowen, Inc.
Cowen, 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 growth investment bank that provides specialized research (equity and credit as well as Washington policy research commentaries), investment banking advice, non-conflicted trading and execution services, and prime brokerage services; and Cowen Investment Management, 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 industrials, energy, health care, technology, media and telecommunications (TMT), information and technology services, consumer and transportation. 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 900 companies, making it one of the largest equity research providers outside of the bulge bracket investment banking firms, and nearly 150 credit names.
Cowen Investment Management has a more than 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 April 2017, it had $10.7 billion in assets under management. Investment capabilities include activism, alternative solutions, credit and distressed, event, global macro, health care royalties, long/short equity, managed futures, and real estate.
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 approximately 1,150 people. It is led by Peter Cohen, the firm’s chairman, and Jeffrey Solomon, its CEO.
599 Lexington Avenue
New York, NY 10022
Phone: (646) 562-1000
Employer Type: Public
Stock Symbol: COWN
Stock Exchange: NYSE
Chairman: Peter Cohen
CEO: Jeffrey Solomon
2018 Employees (All Locations): 1,150