Cowen group, inc. mistakenly identified as party to aurum and societe generale arbitration

New york--(business wire)--cowen group, inc. (“cowen”) (nasdaq: cown) today issued the following clarifying statement related to reports that cowen is implicated in the recent finra arbitration between societe generale sa and aurum sts aggressive trading llc: “the businesses underlying the societe generale and aurum arbitration were never part of the independent cowen group that was spun-out of societe generale in 2006. claimants in the original litigation misidentified the parties and any decisions related to this issue remain the sole responsibility of societe generale.” 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.
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