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Investments of Operating Entities and Consolidated Funds - Equity Method Investments (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Number of Entities that Parent Owns a Majority Interest 3cown_EquityMethodInvestmentNumberOfEntitiesThatParentOwnsMajorityInterest    
Other investments $ 167,464,000us-gaap_OtherInvestments $ 99,483,000us-gaap_OtherInvestments  
Equity Method Investment, Other than Temporary Impairment 800,000us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment    
Net Gains (Losses) on Securities, Derivatives and Other Investments      
Schedule of Equity Method Investments [Line Items]      
Income (Loss) from Equity Method Investments 49,100,000us-gaap_IncomeLossFromEquityMethodInvestments
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16,100,000us-gaap_IncomeLossFromEquityMethodInvestments
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15,600,000us-gaap_IncomeLossFromEquityMethodInvestments
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Clawback Obligation      
Schedule of Equity Method Investments [Line Items]      
Other Commitment 6,200,000us-gaap_OtherCommitment
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6,200,000us-gaap_OtherCommitment
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Equity Method Investee, Exceeded Threshold for Income Test      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Summarized Financial Information, Assets 190,261,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
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114,110,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
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Equity Method Investment, Summarized Financial Information, Liabilities 21,037,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
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25,309,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
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Equity Method Investment, Summarized Financial Information, Equity Excluding Noncontrolling Interests 169,224,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
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88,801,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
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Equity Method Investment, Summarized Financial Information, Revenue 157,187,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue
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78,217,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue
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75,046,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue
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Equity Method Investment, Summarized Financial Information, Expenses (46,563,000)cown_EquityMethodInvestmentSummarizedFinancialInformationExpenses
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(49,334,000)cown_EquityMethodInvestmentSummarizedFinancialInformationExpenses
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(42,663,000)cown_EquityMethodInvestmentSummarizedFinancialInformationExpenses
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Equity Method Investment, Summarized Financial Information, Gain (Loss) on Investments 11,894,000cown_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnInvestments
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18,056,000cown_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnInvestments
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2,091,000cown_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnInvestments
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Equity Method Investment, Summarized Financial Information, Net Income (Loss) 122,518,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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46,939,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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34,474,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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CBOE Stock Exchange, LLC      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Ownership Percentage 9.50%us-gaap_EquityMethodInvestmentOwnershipPercentage
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RCG Longview Partners II, LLC | Clawback Obligation      
Schedule of Equity Method Investments [Line Items]      
Other Commitment 6,200,000us-gaap_OtherCommitment
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Equity Method Investments      
Schedule of Equity Method Investments [Line Items]      
Other investments 61,443,000us-gaap_OtherInvestments
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25,966,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
 
Equity Method Investments | RCG Longview Debt Fund IV Management, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 676,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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1,533,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
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= cown_RcgLongviewDebtFundIvManagementLlcMember
 
Equity Method Investments | RCG Longview Debt Fund V Partners, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 2,684,000us-gaap_OtherInvestments
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1,497,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cown_RCGLongviewDebtFundVPartnersLLCMember
 
Equity Method Investments | Healthcare Royalty GP, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 973,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
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794,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
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= cown_HealthcareRoyaltyGpLlcMember
 
Equity Method Investments | Healthcare Royalty GP II, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 1,125,000us-gaap_OtherInvestments
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840,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cown_HealthcareRoyaltyGpIiLlcMember
 
Equity Method Investments | Healthcare Royalty GP III, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 62,000us-gaap_OtherInvestments
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47,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cown_HealthcareRoyaltyGPIIILLCMember
 
Equity Method Investments | CBOE Stock Exchange, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 611,000us-gaap_OtherInvestments
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1,351,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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Equity Method Investments | Starboard Value LP      
Schedule of Equity Method Investments [Line Items]      
Other investments 48,772,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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14,263,000us-gaap_OtherInvestments
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Equity Method Investments | RCG Longview Partners, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 237,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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1,839,000us-gaap_OtherInvestments
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Equity Method Investments | RCG Longview Management, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 1,117,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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308,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cown_RCGLongviewManagementLLCMember
 
Equity Method Investments | RCG Urban American, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 422,000us-gaap_OtherInvestments
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316,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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Equity Method Investments | RCG Urban American Management, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 379,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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238,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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Equity Method Investments | RCG Longview Equity Management, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 316,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cown_RcgLongviewEquityManagementLlcMember
292,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cown_RcgLongviewEquityManagementLlcMember
 
Equity Method Investments | Urban American Real Estate Fund II, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 2,329,000us-gaap_OtherInvestments
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1,785,000us-gaap_OtherInvestments
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= us-gaap_EquityMethodInvestmentsMember
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= cown_UrbanAmericanRealEstateFundIILLCMember
 
Equity Method Investments | RCG Kennedy House, LLC      
Schedule of Equity Method Investments [Line Items]      
Other investments 509,000us-gaap_OtherInvestments
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502,000us-gaap_OtherInvestments
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/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
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Equity Method Investments | Equity Method Investee, Other      
Schedule of Equity Method Investments [Line Items]      
Other investments 1,231,000us-gaap_OtherInvestments
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361,000us-gaap_OtherInvestments
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Minimum      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Ownership Percentage 20.00%us-gaap_EquityMethodInvestmentOwnershipPercentage
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Maximum      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Ownership Percentage 55.00%us-gaap_EquityMethodInvestmentOwnershipPercentage
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Starboard Value A LP | Equity Method Investee, Exceeded Threshold for Income Test      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Summarized Financial Information, Cash 197,000cown_EquityMethodInvestmentSummarizedFinancialInformationCash
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14,000cown_EquityMethodInvestmentSummarizedFinancialInformationCash
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Equity Method Investment, Summarized Financial Information, Equity Excluding Noncontrolling Interests 97,345,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
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27,429,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
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Equity Method Investment, Summarized Financial Information, Performance Fee Receivable 93,610,000cown_EquityMethodInvestmentSummarizedFinancialInformationPerformanceFeeReceivable
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25,214,000cown_EquityMethodInvestmentSummarizedFinancialInformationPerformanceFeeReceivable
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Equity Method Investment, Summarized Financial Information, Investments in Portfolio Funds 3,538,000cown_EquityMethodInvestmentSummarizedFinancialInformationInvestmentsinPortfolioFunds
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2,201,000cown_EquityMethodInvestmentSummarizedFinancialInformationInvestmentsinPortfolioFunds
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Equity Method Investment, Summarized Financial Information, Total Liabilities 0cown_EquityMethodInvestmentSummarizedFinancialInformationTotalLiabilities
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0cown_EquityMethodInvestmentSummarizedFinancialInformationTotalLiabilities
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Starboard Value A LP | Operating Entities | Equity Method Investee, Exceeded Threshold for Income Test      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Summarized Financial Information, Performance Fee Revenues 90,905,000cown_EquityMethodInvestmentSummarizedFinancialInformationPerformanceFeeRevenues
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23,098,000cown_EquityMethodInvestmentSummarizedFinancialInformationPerformanceFeeRevenues
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20,448,000cown_EquityMethodInvestmentSummarizedFinancialInformationPerformanceFeeRevenues
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Equity Method Investment, Summarized Financial Information, Gain (Loss) on Investments 734,000cown_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnInvestments
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283,000cown_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnInvestments
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254,000cown_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnInvestments
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Equity Method Investment, Summarized Financial Information, Net Income (Loss) $ 91,639,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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$ 23,381,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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$ 20,702,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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