NEW YORK--(BUSINESS WIRE)--Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Cowen Prime Services LLC, the prime services division of Cowen, was named Best Global Prime Broker at the 2017 Hedgeweek Global Awards. This is the second consecutive year that Hedgeweek has honored Cowen Prime Services with this award.
The Hedgeweek Global Awards celebrates excellence among hedge fund managers and service providers and celebrates the achievements of firms that contributed to another significant year for the sector. The winners, who were presented with their awards in London on March 3rd, were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek team.
Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, “We are proud to have been recognized by industry professionals, including hedge fund managers and the service providers catering to their needs. This award reflects our unwavering commitment to clients and the prime services industry. As former investment managers, we understand the challenges associated with managing a hedge fund. Therefore, we worked extremely hard to ensure that our tools and support services would improve the administrative and operational aspects of our clients’ businesses. In addition, we provide clients with access to non-conflicted trade execution, cutting edge research and access to industry leading investment conferences. We are honored to play a role in our clients’ success.”
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. Cowen Prime Services was formed in 2015 following Cowen Group’s acquisition of Concept Capital Markets, LLC. 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.