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Real Estate Investment Trusts Analyst Michael Gorman Joins Cowen’s Equity Research Department

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Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that Michael Gorman has joined Cowen and Company’s Equity Research department as a Director to cover real estate investment trusts (REITs). Mr. Gorman is based in New York and reports to Robert Fagin, Cowen’s Director of Research.

“Mike has established himself as a thoughtful and important voice in the real estate investment community,” said Mr. Fagin. “We are delighted to welcome him back to Cowen.”

Mr. Gorman will partner with Jim Sullivan and the REITs team already in place at Cowen, with plans to expand the firm’s real estate coverage that already spans nearly 40 stocks.

Mr. Gorman rejoins Cowen from Janney Montgomery Scott, where he spent two years as a senior analyst covering REITs. Prior to that, he was a Vice President covering REITs at Cowen. Mr. Gorman was previously a senior research manager at Gerson Lehrman Group, and a senior REITs analyst at Credit Suisse.

Mr. Gorman holds a Bachelor of Arts degree in economics from Bucknell University and a Masters of Business Administration from New York University’s Stern School of Business.

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 Company 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 and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices worldwide.

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