NEW YORK--(BUSINESS WIRE)--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 North American Prime Broker at the 2016 Hedgeweek USA Awards. The award is based on a peer review system whereby Hedgeweek’s readers, including institutional and high net worth investors, hedge fund managers and other industry professionals at fund administrators, prime brokers, law firms, custodians and advisers, select the top performer in a series of categories.
Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, “We are proud that Hedgeweek readers voted for Cowen Prime as the Best North American Prime Broker. As former investment managers, we understand the complexity of launching and managing an alternative investment fund. Our role is to support clients with best-in-class tools and services that will improve the operational and administrative aspects of their business. This includes robust custody, execution and clearing, portfolio management and reporting, and operational support solutions. Operating under the Cowen banner over the past year has also afforded us the opportunity to support our clients with additional services such as sophisticated equity research, investment conferences and non-conflicted trade execution.”
This award is the second consecutive year, and the third in four, that Cowen Prime has been recognized as “Best North American Prime Broker” by Hedgeweek USA. Earlier this year, Cowen Prime was named “Best Global Prime Broker” by Hedgeweek Global for the third consecutive year.
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.