Named “Best Outsourced Trading Solution”
NEW YORK, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its Outsourced Trading group has been named “Best Outsourced Trading Solution” at the 2018 US Hedge Fund Services Awards. The HFM US Hedge Fund Services Awards honor providers of services and solutions to the hedge fund sector that have demonstrated exceptional growth, customer service or product innovation over the past 12 months.
Jack D. Seibald, Managing Director and Global Co-Head of Prime Brokerage and Outsourced Trading, said, “It is gratifying to be recognized as the ‘best outsourced trading solution’ by HFM, and we are grateful to the panel of judges who selected us for this award. We are equally appreciative of our clients who submitted testimonials for this award on our behalf. This award is particularly meaningful to our colleagues who provide the outstanding level of service to our clients each and every day.”
Michael Rosen, Managing Director and Global Co-Head of Prime Brokerage and Outsourced Trading, said, “We take pride in the fact that we are able to offer investment managers a first-rate, cost efficient solution for their trading needs, and believe that the growth of our Outsourced Trading business reflects the full service, multi-asset class nature of our global offering, and how it’s differentiated by its transparency and the level of operational support we provide our clients. We continue to invest in personnel and technology, and our team is now more than 20 people strong with professionals across the U.S., London, and Belfast, and we expect to be operational in Hong Kong shortly as well.”
About Cowen Outsourced Trading
Cowen Outsourced Trading provides investment managers with a first-rate, cost efficient solution for their trading needs. Our offering is full service, multi-asset class, global, and is differentiated by its transparency and level of operational support. Cowen Prime Services LLC dba Cowen Outsourced Trading. The firm is a registered broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC. Cowen Prime Services’ solutions are offered internationally through the firm’s UK based affiliate, Cowen International Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
For additional information, visit: http://www.cowen.com/capabilities/outsourcedtrading/
About Cowen Inc.
Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides investment 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 investment management segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s investment bank segment. Cowen Investment Management provides investment management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors, global clearing and commission management services and also a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. To download Cowen’s investor relations app, which offers access to SEC filings, news releases, webcasts and presentations, please visit the App Store for iPhone and iPad or Google Play for Android mobile devices.
Source: Cowen Inc.