NEW YORK--(BUSINESS WIRE)--Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its prime services division, Cowen Prime Services LLC, has been named Best Global Prime Broker at the 2018 Hedgeweek Global Awards. The award is based on a peer review system whereby Hedgeweek’s readers, including institutional and high net worth investors, as well as hedge fund managers and other industry professionals at fund administrators, prime brokers, custodians, and advisers, are invited to elect a ‘best in class’ in a series of categories via an online survey.
Jack D. Seibald, Global Co-Head of Prime Brokerage Services, said, “It is gratifying to be recognized again by our peers as the Best Global Prime Broker as this represents a truly collaborative effort that I proudly share with our global prime brokerage team. We are committed to providing cutting-edge solutions to a global community of managers and offering tailored capabilities to meet their unique and individual needs.”
Added Michael S. Rosen, Global Co-Head of Prime Brokerage Services, “We are extremely pleased by the growth of our international prime brokerage business since its launch just over one year ago, and believe the solutions we’re providing our clients in the UK and Europe played an important role in earning this year’s award.”
This is the third consecutive year that Cowen’s Prime Services division has won this award. The annual Hedgeweek Global Awards recognize excellence among hedge fund managers and service providers around the world and celebrates the achievements of firms that contributed to another significant year for the sector. Winners were presented with their awards at a ceremony held in London on Friday, March 9, 2018.
About Cowen Prime Services LLC
Cowen Prime Services LLC offers a comprehensive suite of brokerage and related services that provide investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge fund managers, managed account platforms, institutional investors, family offices, and registered investment advisors with turn-key solutions designed to unburden our clients of their operating responsibilities and allow them to focus on their core competencies – investing. Our offering features US prime brokerage, international prime brokerage, electronic and high-touch execution, a full outsourced trading solution, commission management, financing and stock loan, middle and back office support, pre and post trade compliance, capital introduction, new launch consulting, and portfolio and risk analytics. Cowen Prime Services was formed in 2015 following Cowen’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.cowen.com/capabilities/prime-services/
About Cowen Inc.
Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading, prime brokerage, global clearing and commission management through its two business segments: Cowen Investment Management 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. Cowen Investment Management 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.