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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Computation of earnings per share:                        
Net income (loss)                 $ 58,975 $ 182,780 $ 17,840  
Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds $ 4,266 $ 4,344 $ 3,916 $ 2,720 $ 2,155 $ 4,006 $ 5,216 $ 4,187 15,246 15,564 13,193  
Net income (loss) attributable to Cowen Group, Inc. 30,661 (10,346) 6,716 16,698 $ 142,471 $ 6,523 $ 8,382 $ 9,840 43,729 167,216 4,647  
Preferred Stock Dividends 1,717 1,603 755 0         4,075 0 0  
Net income (loss) attributable to Cowen Group, Inc. common stockholders $ 28,944 $ (11,949) $ 5,961 $ 16,698         $ 39,654 $ 167,216 $ 4,647  
Shares for basic and diluted calculations:                        
Weighted average shares used in basic computation, shares 107,236,000 109,191,000 111,915,000 112,053,000 113,492,000 114,969,000 115,569,000 115,680,000 110,090,000 114,926,000 116,703,000  
Weighted average shares used in diluted computation, shares 112,730,000 109,191,000 118,226,000 118,590,000 118,222,000 118,801,000 120,199,000 122,898,000 116,174,000 119,486,000 121,117,000  
Earnings (loss) per share:                        
Earnings Per Share, Basic (in dollars per share) $ 0.27 $ (0.11) $ 0.05 $ 0.15 $ 1.26 $ 0.06 $ 0.07 $ 0.09 $ 0.36 $ 1.45 $ 0.04  
Earnings Per Share, Diluted (in dollars per share) $ 0.26 $ (0.11) $ 0.05 $ 0.14 $ 1.21 $ 0.05 $ 0.07 $ 0.08 $ 0.34 $ 1.40 $ 0.04  
Stock Options                        
Shares for basic and diluted calculations:                        
Shares attributable to share-based payment awards, shares                 13,000 0 0  
Performance based restricted stock                        
Shares for basic and diluted calculations:                        
Shares attributable to share-based payment awards, shares                 263,000 0 0  
Stock Appreciation Rights                        
Shares for basic and diluted calculations:                        
Shares attributable to share-based payment awards, shares                 140,000 60,000 306,000  
Restricted Stock                        
Shares for basic and diluted calculations:                        
Shares attributable to share-based payment awards, shares                 5,668,000 4,500,000 4,108,000  
Common Stock Class A                        
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]                        
Common stock, shares outstanding, shares 105,604,658       111,691,199       105,604,658 111,691,199 115,026,633 112,447,892
Common stock, restricted shares, shares 497,570       424,479       497,570 424,479