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Supplemental Financial Information Supplemental Financial Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]                      
Total revenues $ 121,096us-gaap_Revenues $ 107,101us-gaap_Revenues $ 92,902us-gaap_Revenues $ 106,677us-gaap_Revenues $ 96,345us-gaap_Revenues $ 81,912us-gaap_Revenues $ 81,933us-gaap_Revenues $ 68,329us-gaap_Revenues $ 427,776us-gaap_Revenues $ 328,519us-gaap_Revenues $ 241,515us-gaap_Revenues
Income (loss) before income taxes 19,416us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 10,670us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 13,644us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 14,106us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 5,372us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 8,324us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,506us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,095us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 57,836us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 18,297us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (23,509)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (benefit) (125,210)us-gaap_IncomeTaxExpenseBenefit 141us-gaap_IncomeTaxExpenseBenefit 46us-gaap_IncomeTaxExpenseBenefit 79us-gaap_IncomeTaxExpenseBenefit 169us-gaap_IncomeTaxExpenseBenefit (46)us-gaap_IncomeTaxExpenseBenefit 158us-gaap_IncomeTaxExpenseBenefit 176us-gaap_IncomeTaxExpenseBenefit (124,944)us-gaap_IncomeTaxExpenseBenefit 457us-gaap_IncomeTaxExpenseBenefit 448us-gaap_IncomeTaxExpenseBenefit
Net income (loss) from continuing operations 144,626us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 10,529us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 13,598us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 14,027us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 5,203us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 8,370us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 3,348us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 919us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest      
Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 2,155us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 4,006us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 5,216us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 4,187us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 2,684us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 4,759us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 2,255us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 3,495us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 15,564us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest 13,193us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (72)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
Net income (loss) attributable to Cowen Group, Inc. stockholders $ 142,471us-gaap_NetIncomeLoss $ 6,523us-gaap_NetIncomeLoss $ 8,382us-gaap_NetIncomeLoss $ 9,840us-gaap_NetIncomeLoss $ 2,519us-gaap_NetIncomeLoss $ 3,611us-gaap_NetIncomeLoss $ 1,093us-gaap_NetIncomeLoss $ (2,576)us-gaap_NetIncomeLoss $ 167,216us-gaap_NetIncomeLoss $ 4,647us-gaap_NetIncomeLoss $ (23,885)us-gaap_NetIncomeLoss
Earnings (loss) per share:                      
Earnings Per Share, Basic (in dollars per share) $ 1.26us-gaap_EarningsPerShareBasic $ 0.06us-gaap_EarningsPerShareBasic $ 0.07us-gaap_EarningsPerShareBasic $ 0.09us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ 0.03us-gaap_EarningsPerShareBasic $ 0.01us-gaap_EarningsPerShareBasic $ (0.02)us-gaap_EarningsPerShareBasic $ 1.45us-gaap_EarningsPerShareBasic $ 0.04us-gaap_EarningsPerShareBasic $ (0.21)us-gaap_EarningsPerShareBasic
Earnings Per Share, Diluted (in dollars per share) $ 1.21us-gaap_EarningsPerShareDiluted $ 0.05us-gaap_EarningsPerShareDiluted $ 0.07us-gaap_EarningsPerShareDiluted $ 0.08us-gaap_EarningsPerShareDiluted $ 0.02us-gaap_EarningsPerShareDiluted $ 0.03us-gaap_EarningsPerShareDiluted $ 0.01us-gaap_EarningsPerShareDiluted $ (0.02)us-gaap_EarningsPerShareDiluted $ 1.40us-gaap_EarningsPerShareDiluted $ 0.04us-gaap_EarningsPerShareDiluted $ (0.21)us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding:                      
Basic (in shares) 113,492us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 114,969us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 115,569us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 115,680us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 117,514us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 118,359us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 117,235us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 113,798us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 114,926us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 116,703us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 114,400us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 118,222us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 118,801us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 120,199us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 122,898us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 123,573us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 122,708us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 120,901us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 113,798us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 119,486us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 121,117us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 114,400us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding