Ramius Expands Liquid Alternatives Distribution Team

  Ramius Expands Liquid Alternatives Distribution Team

    Brian Wilson and Greg Simonian Join Ramius to Focus on Distribution of
                   Products in the East and Central Regions

Business Wire

NEW YORK -- January 24, 2013

Ramius LLC, the investment management subsidiary of Cowen Group, Inc.
(“Cowen”) (NASDAQ: COWN), today announced that Brian Wilson and Greg Simonian
have joined the firm as Directors responsible for distribution of alternative
mutual and hedge fund products in the East Coast and Central regions,
respectively. In their roles, they report to David Thill, Managing Director.

Michael Singer, Chief Executive Officer of Ramius, commented, “As we continue
to build out our suite of liquid alternative products which currently includes
our Volatility, Managed Futures and Replication Alternative Mutual Funds, we
are pleased to have Brian and Greg join our team. Alternative mutual funds are
a relatively new concept for many investors and advisors, but their growth in
number and strategies has been significant over the last few years. At Ramius,
we are committed to offering best-in-breed liquid alternative strategies to
financial advisors and their clients.”

David Thill said, “Both Brian and Greg have deep relationships with
broker-dealers and intermediaries and will help to educate investors about
Ramius and our suite of products. I look forward to working with them in their
new roles.”

Both Mr. Wilson and Mr. Simonian join Ramius from Equinox Distributors. Mr.
Wilson started as a Director in the East Coast region at Equinox in 2004 and
then became a Managing Director and National Sales Manager in 2008, where he
assisted in building out the sales team and driving sales initiatives and
strategy for the firm. Prior to that, Mr. Wilson served in various roles at
Smith Barney since 1989. His roles included Vice President – Investments and
Regional Sales Director for Smith Barney’s Asset Management division. Mr.
Wilson began his career at Robinson Humphrey, Inc.

Mr. Simonian served as a Managing Director of product development and
distribution at Equinox Distributors since 2004, where he drove sales and
oversaw sales and marketing strategies. Prior to this, he was a Managing
Director for two years at Foxdale Management, where he designed and structured
alternative investment products focusing on emerging managers. Previously, Mr.
Simonian served in executive sales roles at several prominent investment
advisors. He received his Masters in International Management at the American
Graduate School of International Management (Thunderbird), and his Bachelor of
Science in Finance at the University of Denver.

About Ramius LLC

Ramius, the global alternative investment management business of Cowen Group,
Inc., offers a broad range of investment solutions to institutions and private
clients worldwide. Founded in 1994, Ramius and affiliates manage $10.4 billion
(as of October 1, 2012) across multiple asset classes and investing styles. A
significant portion of Cowen's proprietary capital is managed by Ramius in
strategies alongside its clients.

About Cowen Group, Inc.

Cowen Group,Inc. is a diversified financial services firm and, together with
its consolidated subsidiaries, provides alternative investment, investment
banking, research, and sales and trading services through its two business
segments: Ramius and its affiliates make up the Company’s alternative
investment segment, while Cowen and Company is its broker-dealer segment. Its
alternative investment products, solutions and services include hedge funds,
replication products, managed futures funds, fund of funds, real estate and
health care royalty funds. Cowen and Company offers industry focused
investment banking for growth-oriented companies, domain knowledge-driven
research and a sales and trading platform for institutional investors. Founded
in 1918, the firm is headquartered in New York and has offices located in
major financial centers around the world.


Sard Verbinnen & Co
Dan Gagnier/Carissa Ramirez
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