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Acquisition - Narrative (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Jun. 30, 2012
LaBranche and Co Inc. [Member]
Jun. 30, 2011
LaBranche and Co Inc. [Member]
Jun. 30, 2012
LaBranche and Co Inc. [Member]
Jun. 30, 2011
LaBranche and Co Inc. [Member]
Jun. 28, 2011
LaBranche and Co Inc. [Member]
Business Acquisition [Line Items]                    
Conversion ratio, shares of Company's stock issued per share of Acquiree's stock                   0.9980
Shares issued in acquisition, value                   $ 156,000,000
Closing stock price $ 2.66   $ 2.66   $ 2.59         $ 3.82
Shares outstanding, in shares                   40,931,997
Net assets acquired                   175,982,000
Non compete agreements and covenants with limiting conditions acquired                   2,310,000
Total purchase price                   156,048,000
Bargain purchase gain recognized 0 22,244,000 0 22,244,000     22,244,000      
Acquisition related costs             600,000   2,300,000  
Revenues 59,470,000 58,679,000 116,949,000 122,924,000   200,000   200,000    
Net income (loss) attributable to Cowen Group, Inc. stockholders $ (7,946,000) $ 20,037,000 $ (3,951,000) $ 20,119,000   $ 200,000   $ 200,000