Trade Cowen Inc.
Cowen Inc. is an independent U.S. investment firm and financial services company operating through two business sectors: broker, trader and investment management department. The company's broker and trader division provides investment banking, stock research, credit, sales, trading, major global brokerage, foreign trade, global clearing services and committee management. The Investment Management Sector at Queen's offers alternative, actively managed investment products. The company was founded in 1918 and is headquartered in New York and has offices all over the world. As of 2018, Quinn has managed $11 billion in alternative investment strategies. Coin is known to successfully identify subversive companies and early emerging industries. Examples include Amazon.com and the $75 billion emerging cannabis industry, which was the first Wall Street company to publish cannabis research. Founded as a bond trading house, Quinn expanded in its early years to include clearing reporters and execution services. With the company's growth, it developed a leadership position in rail bonds and launched research and business in corporate sales. In the 1970s, the company expanded significantly in the field of research and retail, opening six coast-to-coast offices and expanding its offerings through acquisitions: Hardy & Co.; Hardy & Company; J.S. Grumman; McClay Waterson & Co. in the 1980s, Quinn expanded internationally, established an investment banking company and established offices in London, Geneva, Paris and Tokyo. In the 1990s, The investment banking company, starting with five initial public offerings and follow-up to about $200 million, grew to nearly 80 transactions and $5 billion in revenue by 1995.In 1998, the company was acquired by Societe Generale and renamed SG Coin. In 2000, Cowen sold its special customer services unit to Lehman Brothers, retaining investment banking, research, sales and trading operations. Quinn worked as a unit of Societe Generale until 2006, when it was woven into an initial public offering and renamed itself, Queen & Co. The IPO was a joint offering of reservations by Cowen, Credit Suisse and Merrill Lynch.