Cowen Prime Services Named Best Boutique Prime Broker For The Fourth Consecutive Year

Cowen Group, Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that Cowen Prime Services LLC ("Cowen Prime"), the prime services division of Cowen, has been named Best Boutique Prime Broker at the 2016 HFM US Hedge Fund Services Awards. The HFM US Hedge Fund Service Awards recognize hedge fund service providers that have delivered exceptional customer service and innovative product development over the past 12 months.

Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, "We are gratified for the ongoing recognition of our exceptional service to the hedge fund industry. As former investment managers, we understand that launching and managing a hedge fund is highly complex from an administrative and operational standpoint. As a result, our team developed robust tools and support services to serve our clients' critical needs, including custody, execution and clearing, portfolio management and reporting, and operational support solutions. In addition, as part of Cowen Group, clients are supported by additional value-added services such as non-conflicted trade execution, differentiated equity and credit research and investment conferences. As our clients' partner, we are dedicated to providing the best tools and services possible so that they can focus on delivering returns for their investors."

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. The firm is a registered 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, sales and trading and prime brokerage services through its two business segments: Ramius and its affiliates make up the Company's alternative investment segment, while Cowen and Company, a member of FINRA and SIPC, 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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