Cowen

Adrian Schultes Appointed Managing Director and Head of Distribution for Ramius Alternative Solutions

NEW YORK--(BUSINESS WIRE)-- Ramius LLC, the global alternative investment management business of Cowen Group, Inc ("Cowen") (NASDAQ:COWN - News), today announced that Adrian Schultes has joined the firm in New York as a Managing Director and Head of Distribution for Ramius Alternative Solutions LLC ("RASL"), reporting to Thomas W. Strauss, President and CEO of Ramius, LLC. In this newly created role, Mr. Schultes will help to lead RASL's marketing and distribution activities and will be responsible for increasing awareness of the group's tailored hedge fund investment and advisory solutions.

Mr. Schultes joins Ramius from Pacific Investment Management Company (PIMCO), where he served as Senior Vice President of Institutional Direct Marketing & Consultant Relations. In this capacity, he was responsible for advancing business development initiatives, identifying corporate prospects, and cultivating professional relationships. While at PIMCO, Mr. Schultes serviced institutional clients and consultants and coordinated the construction and implementation of marketing campaigns, among other responsibilities. Prior to this, Mr. Schultes spent over seven years at Ibbotson Associates and held various senior positions with increasing responsibilities, including Regional Director of Institutional Sales, where he was responsible for growing a strategic Northeastern sales territory as well as directing and supervising sales for the European territory. He has also held positions in accounts and marketing at Bridge Information Systems and Credit Suisse Private Banking in New York, as well as in private banking at Swiss Bank Corporation in Zurich, Switzerland. Mr. Schultes received his BA in Economics and German from Bucknell University and has completed studies at the University of Freiburg in Germany.

Mr. Strauss stated, "As we continue to grow Ramius' product portfolio, we believe it is essential to enhance our sales and distribution infrastructure to offer institutional clients and joint venture partners our full range of investment and advisory solutions. Adrian has tremendous institutional client relationships and experience in institutional sales and marketing that can help raise awareness of our firm and introduce our product portfolio to key constituencies. It is with pleasure that we welcome Adrian to Ramius and we look forward to his contributions."

Ramius Alternative Solutions LLC is an investment advisor offering a range of tailored hedge fund investment and advisory solutions, including customized and commingled fund of funds, portfolio completion, portfolio hedging, and hedge fund replication services to a global institutional client base. The platform, which provides sophisticated investment management products, is co-headed by Stuart Davies and Vikas Kapoor.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates makes up the Company's alternative investment management segment, while Cowen and Company is its broker-dealer segment. Its alternative investment management products, solutions and services include hedge funds, replication products, managed futures funds, fund of funds, real estate, health care royalty funds and cash management services. 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.

About Ramius LLC

Ramius LLC is a registered investment advisor that manages assets in a variety of alternative investment strategies and is the global alternative investment management business of Cowen Group, Inc. Ramius LLC is headquartered in New York with offices located in London, Tokyo, Luxembourg and Munich.

Contact:

Cowen Group, Inc.
Peter Poillon, 646-562-1983
Head of Investor Relations