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Cowen Group through its principal operating subsidiary Cowen & Company operates as an Investment Bank. The firm offers research, sales & trading, and investment banking services to various corporations. The firm specializes in the Healthcare, Technology, Media, Telecom, and Aerospace industries. The firm is based in New York and has offices in many financial centers throughout the world. Cowen Group used to be a subsidiary of french financial firm Société Générale until 2006 when the firm went public.