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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Computation of earnings per share:            
Net income (loss) $ (6,002) $ 10,529 $ 24,048 $ 38,154    
Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 4,344 4,006 10,980 13,409    
Net income (loss) attributable to Cowen Group, Inc. (10,346) 6,523 13,068 24,745    
Preferred Stock Dividends 1,603 0 2,358 0    
Net income (loss) attributable to Cowen Group, Inc. common stockholders $ (11,949) $ 6,523 $ 10,710 $ 24,745    
Shares for basic and diluted calculations:            
Weighted average shares used in basic computation, shares 109,191,000 114,969,000 111,050,000 115,407,000    
Weighted average shares used in diluted computation, shares 109,191,000 118,801,000 117,249,000 120,027,000    
Earnings (loss) per share:            
Earnings Per Share, Basic (in dollars per share) $ (0.11) $ 0.06 $ 0.10 $ 0.21    
Earnings Per Share, Diluted (in dollars per share) $ (0.11) $ 0.05 $ 0.09 $ 0.21    
Stock Options            
Shares for basic and diluted calculations:            
Shares attributable to share-based payment awards, shares 0 0 19,000 0    
Performance based restricted stock            
Shares for basic and diluted calculations:            
Shares attributable to share-based payment awards, shares 0 0 266,000 0    
Stock Appreciation Rights            
Shares for basic and diluted calculations:            
Shares attributable to share-based payment awards, shares 0 59,000 152,000 57,000    
Restricted Stock            
Shares for basic and diluted calculations:            
Shares attributable to share-based payment awards, shares 0 3,773,000 5,762,000 4,563,000    
Common Stock Class A            
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]            
Common stock, shares outstanding, shares 107,098,068 113,634,803 107,098,068 113,634,803 111,691,199 115,026,633
Common stock, restricted shares, shares 497,570   497,570   424,479