Cowen and Company is an investment advisor based in New York City, New York. The firm provides alternative investment management, investment banking, research, sales, and trading services. The firm specializes in equity capital markets, debt capital markets, mergers and acquisitions, advisory services, equity research, institutional equity sales and trading, electronic trading, options and event trading, securities lending and corporate access. The firm operates as a subsidiary of the Cowen Group. The assets of the firm are managed by the executive management team.