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Fair Value Measurements for Operating Entities and Consolidated Funds Fair Value Inputs, Unobservable Inputs, Quantitative Information (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Asset Value 259,530us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue 226,269us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue  
Balance Liability Value 40,890us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue 6,937us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue  
Options      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Liability Value 36,807us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_OptionMember
   
Contingent liability payable      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Liability Value 4,083us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByLiabilityClassAxis
= cown_ContingentLiabilityPayableMember
6,937us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByLiabilityClassAxis
= cown_ContingentLiabilityPayableMember
8,116us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByLiabilityClassAxis
= cown_ContingentLiabilityPayableMember
Common and Preferred Stock      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Asset Value 12,269us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= cown_CommonAndPreferredStockMember
3,474us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= cown_CommonAndPreferredStockMember
 
Warrants and Rights      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Asset Value 1,322us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= cown_WarrantsAndRightsMember
5,805us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= cown_WarrantsAndRightsMember
1,713us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= cown_WarrantsAndRightsMember
Options      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Asset Value 36,807us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_OptionMember
   
Other Investments      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Balance Asset Value 209,132us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_OtherInvestmentsMember
[1] 216,990us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_OtherInvestmentsMember
[1]  
Level 3 | Options | Market Approach Valuation Technique | Minimum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 30.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
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/ us-gaap_FairValueByLiabilityClassAxis
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= us-gaap_MinimumMember
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= cown_ModelBasedApproachValuationTechniqueMember
   
Fair Value Assumptions, Credit Spread 5.00%cown_FairValueAssumptionsCreditSpread
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/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_OptionMember
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= us-gaap_MinimumMember
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= cown_ModelBasedApproachValuationTechniqueMember
   
Level 3 | Options | Market Approach Valuation Technique | Maximum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 40.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
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/ us-gaap_FairValueByLiabilityClassAxis
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/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= cown_ModelBasedApproachValuationTechniqueMember
   
Fair Value Assumptions, Credit Spread 7.50%cown_FairValueAssumptionsCreditSpread
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_OptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= cown_ModelBasedApproachValuationTechniqueMember
   
Level 3 | Contingent liability payable | Income Approach and Market Approach Valuation Techniques      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
DCF discount rate 9.00%us-gaap_FairValueInputsDiscountRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
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/ us-gaap_FairValueByLiabilityClassAxis
= cown_ContingentLiabilityPayableMember
/ us-gaap_ValuationTechniqueAxis
= cown_IncomeApproachAndMarketApproachValuationTechniquesMember
   
Level 3 | Contingent liability payable | Income Approach and Market Approach Valuation Techniques | Minimum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
DCF discount rate   0.00%us-gaap_FairValueInputsDiscountRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
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/ us-gaap_FairValueByLiabilityClassAxis
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= us-gaap_MinimumMember
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Level 3 | Contingent liability payable | Income Approach and Market Approach Valuation Techniques | Maximum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
DCF discount rate   15.00%us-gaap_FairValueInputsDiscountRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
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/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= cown_IncomeApproachAndMarketApproachValuationTechniquesMember
 
Level 3 | Common and Preferred Stock | Income Approach and Market Approach Valuation Techniques | Minimum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Market multiple 1cown_FairValueInputsMarketMultiple
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= cown_CommonAndPreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MinimumMember
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= cown_IncomeApproachAndMarketApproachValuationTechniquesMember
2cown_FairValueInputsMarketMultiple
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= cown_CommonAndPreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MinimumMember
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= cown_IncomeApproachAndMarketApproachValuationTechniquesMember
 
Level 3 | Common and Preferred Stock | Income Approach and Market Approach Valuation Techniques | Maximum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Market multiple 6cown_FairValueInputsMarketMultiple
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= cown_CommonAndPreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MaximumMember
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= cown_IncomeApproachAndMarketApproachValuationTechniquesMember
3cown_FairValueInputsMarketMultiple
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/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= cown_IncomeApproachAndMarketApproachValuationTechniquesMember
 
Level 3 | Common and Preferred Stock | Market Approach Valuation Technique      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 40.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
/ us-gaap_FairValueByAssetClassAxis
= cown_CommonAndPreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_ValuationTechniqueAxis
= cown_ModelBasedApproachValuationTechniqueMember
   
Level 3 | Warrants and Rights | Market Approach Valuation Technique      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Fair Value Assumptions, Weighted Average Volatility Rate 34.00%us-gaap_FairValueAssumptionsWeightedAverageVolatilityRate
/ us-gaap_FairValueByAssetClassAxis
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37.00%us-gaap_FairValueAssumptionsWeightedAverageVolatilityRate
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/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= cown_ModelBasedApproachValuationTechniqueMember
 
Level 3 | Warrants and Rights | Market Approach Valuation Technique | Minimum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 20.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
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= cown_WarrantsAndRightsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MinimumMember
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20.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
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= cown_ModelBasedApproachValuationTechniqueMember
 
Level 3 | Warrants and Rights | Market Approach Valuation Technique | Maximum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 60.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
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= cown_WarrantsAndRightsMember
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= us-gaap_MaximumMember
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100.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
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= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MaximumMember
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= cown_ModelBasedApproachValuationTechniqueMember
 
Level 3 | Options | Market Approach Valuation Technique | Minimum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 30.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_OptionMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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= us-gaap_MinimumMember
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Fair Value Assumptions, Credit Spread 5.00%cown_FairValueAssumptionsCreditSpread
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= us-gaap_MinimumMember
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= cown_ModelBasedApproachValuationTechniqueMember
   
Level 3 | Options | Market Approach Valuation Technique | Maximum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]      
Volatility 40.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
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= us-gaap_MaximumMember
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= cown_ModelBasedApproachValuationTechniqueMember
   
Fair Value Assumptions, Credit Spread 7.50%cown_FairValueAssumptionsCreditSpread
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[1] Quantitative disclosures of unobservable inputs and assumptions are not required for investments for which NAV per share is used as a practical expedient to determine fair value, as their redemption features rather than observability of inputs cause them to be classified as a level 3 type asset within the fair value hierarchy. In addition, the fair value of the Consolidated Funds' investments are determined based on net asset value and therefore quantitative disclosures are not included in the table above. The quantitative disclosures also exclude financial instruments for which the determination of fair value is based on prices from prior transactions.