Ramius and Ramius Alternative Solutions to Extend Partnership Long-Term

  Ramius and Ramius Alternative Solutions to Extend Partnership Long-Term

Business Wire

NEW YORK -- September 16, 2013

Ramius LLC, (“Ramius”) the global investment management business of Cowen
Group, Inc. (“Cowen”) (NASDAQ:COWN), today announced that it has entered into
an agreement for the long-term extension of its partnership with Ramius
Alternative Solutions, LLC (“RASL”) portfolio managers, Stuart Davies and
Vikas Kapoor.

RASL offers a range of customized hedge fund investment and advisory solutions
with approximately $2.9 billion in assets under management as of August 1,
2013. Under the agreement, a new operating committee has been established to
oversee the business consisting of Michael Singer, Chief Executive Officer of
Ramius; Thomas W. Strauss, Chairman of Ramius and Vice Chairman of Cowen
Group, Inc.; Stuart Davies, Co-CEO of RASL; and Vikas Kapoor, Co-CEO of RASL.

Michael Singer said, “We are very pleased to continue our longstanding
relationship with Vikas and Stuart, as they are exceptionally talented and
proven investment professionals. Our partnership with them is another example
of the ongoing growth at Ramius and how we meet the demands of sophisticated
institutional investors. We will continue to source and develop talented
investment teams to expand our capabilities and deliver alpha and solutions to
our investors.”

Stuart Davies, with Vikas Kapoor, said, “We are delighted to extend our
partnership with Ramius and continue to develop the capabilities of RASL with
the ongoing benefit of the firm’s infrastructure, operations and marketing
capabilities. RASL is uniquely positioned to help institutions meet their
demands for creating efficient alternative portfolios, capturing hedge fund
alpha, measuring and managing traditional and alternative betas, and managing
portfolio volatility. We look forward to a long and productive partnership
with our friends and colleagues at Ramius.”

Thomas W. Strauss said, “We are thrilled to announce the extension of this
partnership. Since Vikas and Stuart joined Ramius in 2008 and 2009,
respectively, they have implemented a wholesale change to Ramius’ traditional
fund of hedge funds business and successfully created and scaled a
differentiated alternatives business focused on creating customized investment
solutions for sophisticated global institutions. They have developed
proprietary algorithms and tools that enable access to hedge fund exposures
for clients who have investment mandates or regulatory constraints that
require greater liquidity, transparency, fee sensitivity, or risk management
flexibility than a traditional portfolio of hedge funds would allow. We are
proud of what they have accomplished for clients, and for Ramius, and we look
forward to our ongoing relationship.”

About Stuart Davies

Stuart Davies was most recently a Managing Director and Co-Head of Ramius
Alternative Solutions LLC. Mr. Davies joined Ramius in January 2009.

Prior to joining Ramius, Mr. Davies was a Managing Director and Global Head of
Investments at Ivy Asset Management in New York and was a member of Ivy’s
Executive Committee and Investment Committee. Earlier in Mr. Davies’ career,
he was a member of the International Investment Committee of Coronation Fund
Manager and also spent three years at Nedcor Investment Bank International, a
subsidiary of Old Mutual Plc, as Head of the Investment Team. Mr. Davies
started his career in 1992 with Deloitte and Touche in both their audit and
corporate finance divisions.

Mr. Davies graduated from the University of Cape Town with a Bachelor of
Commerce and Post Graduate Diploma in Accounting. He is also a Chartered
Accountant and a CFA charterholder.

About Vikas Kapoor

Vikas Kapoor was most recently a Managing Director and Co-Head of Ramius
Alternative Solutions LLC. Mr. Kapoor joined Ramius in June 2008.

Prior to joining Ramius, Mr. Kapoor was a Managing Director at Arden Asset
Management focusing on Portfolio Construction and Risk Management and was a
member of Arden’s Investment Committee and Management Committee. Earlier in
Mr. Kapoor’s career, he was Managing Director of Deutsche Bank’s Absolute
Return Strategies Group where he headed the Quantitative Analysis and
Applications Group.

Mr. Kapoor received an M.S. in Computational Finance from Carnegie Mellon
University in 2003, an M.B.A. in Finance with Honors from the Tulane
University in New Orleans in 1996 and a B.Tech. in Mechanical Engineering from
Regional Engineering College, Kurukshetra, India in 1991.

About Ramius LLC

Ramius, a global contemporary investment management firm with $9.2 billion in
assets under management (as of August 1, 2013), offers a broad suite of
investment products and solutions to institutional and private clients
worldwide. Founded in 1994, the firm’s capabilities include hedge fund
solutions, value equity activism, event driven, healthcare royalties, real
estate direct lending, credit, and managed futures. A significant portion of
Cowen's proprietary capital is managed by Ramius in strategies alongside our

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, 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 Companyand its affiliates make up the
Company’sbroker-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 Companyand its affiliatesoffer 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, 212-687-8080
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