Cowen Group, Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that Cowen's international prime services division has been named Best Prime Broker - Innovation at the 2017 HFM European Hedge Fund Services Awards. Cowen also received a commendation in the Best Boutique Prime Broker category. The HFM European Hedge Fund Service Awards recognize hedge fund service providers that have delivered exceptional customer service and innovative product development over the past 12 months. Kevin LoPrimo, Head of International Prime Brokerage Services, said, "Our goal is to support local managers with value-added tools and services that contribute to their long-term success. So we are especially proud to be recognized by the hedge fund industry for innovation, our first award since launching our international prime services offering in the fall of 2016. As the international division of an established US prime services business, we have developed robust technology solutions and support services that serve our clients' critical needs, including custody, execution and clearing, financing, portfolio management and reporting, and operational support solutions. In addition, our outsourced trading capabilities are available on a global basis." 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.