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Cowen Group Announces John Blackledge Joins Research Group

Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that John Blackledge has joined the firm’s Research department as a Director and Senior Research Analyst to cover stocks in the Internet & New Media sector. Based in New York, Mr. Blackledge will work in close conjunction with Internet research analyst Kevin Kopelman and will report to Robert Fagin, Cowen’s Director of Research.

“We are excited to welcome John to the firm,” said Robert Fagin. “With 15 years of equity research background and deep experience in the Internet, broadcasting and entertainment fields, he will be a great addition to our Internet & New Media team. We look forward to his contributions and the ability to provide our clients with even greater breadth in this dynamic and evolving sector.”

Mr. Blackledge most recently served as a Vice President in the Internet Equity research group at Credit Suisse. Prior to Credit Suisse, Mr. Blackledge was a Vice President at JPMorgan, where he focused on the Entertainment, Cable/DBS, and Radio Broadcasting sectors before assuming research coverage of Radio, TV, and Outdoor stocks. Earlier in his career, he held positions at Amro/ING Barings, CIBC Oppenheimer, and Arthur Andersen. Mr. Blackledge received a B.S. in Accounting from Georgetown University.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates makes up the Company's alternative investment management segment, while Cowen and Company is its broker-dealer segment. Its alternative investment management products, solutions and services include hedge funds, replication products, managed futures funds, fund of funds, real estate, health care royalty funds and cash management services. Cowen and Company offers 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 located in major financial centers around the world.

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