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Segment Reporting (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
segment
customer
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Segment Reporting Information [Line Items]          
Number of operating segments | segment     2    
Entity-wide revenue, major customer, number | customer     0    
Revenues          
Investment banking $ 114,705,000 $ 84,826,000 $ 194,811,000 $ 182,814,000  
Brokerage 111,382,000 103,285,000 208,845,000 209,018,000  
Management fees 7,039,000 7,373,000 14,180,000 14,790,000  
Incentive income 8,000 48,000 23,000 64,000  
Investment Income 0 0 0 0  
Interest and dividends 40,047,000 25,109,000 69,139,000 51,063,000  
Reimbursement from affiliates 254,000 336,000 542,000 713,000  
Aircraft lease revenue 0 419,000 0 1,134,000  
Reinsurance premiums 14,331,000 9,226,000 20,922,000 17,873,000  
Other revenues 930,000 876,000 1,991,000 2,212,000  
Total revenues 292,164,000 234,573,000 516,261,000 485,957,000  
Interest expense 39,528,000 24,306,000 68,612,000 48,846,000  
Total net revenues 252,636,000 210,267,000 447,649,000 437,111,000  
Expenses          
Non-interest expense 240,781,000 220,267,000 460,088,000 443,582,000  
Goodwill, Impairment Loss 4,100,000 [1],[2],[3],[4] 0 4,100,000 0 $ 0
Total expenses 247,112,000 223,416,000 467,901,000 449,162,000  
Other income (loss)          
Total other income (loss) 9,692,000 47,148,000 50,634,000 80,982,000  
Income tax expense (benefit) 5,073,000 3,993,000 8,250,000 10,916,000  
(Income) loss attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 4,331,000 24,607,000 6,537,000 35,763,000  
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 5,812,000 5,399,000 15,595,000 22,252,000  
Preferred stock dividends 1,698,000 1,698,000 3,396,000 3,396,000  
Net income (loss) attributable to Cowen Inc. common stockholders 4,114,000 3,701,000 12,199,000 18,856,000  
Consolidated Funds          
Revenues          
Total revenues 3,468,000 3,075,000 5,808,000 6,276,000  
Expenses          
Total expenses 2,231,000 3,149,000 3,713,000 5,580,000  
Operating Company          
Revenues          
Management fees 6,796,000 6,287,000 13,439,000 12,960,000  
Incentive income 8,000 48,000 8,000 64,000  
Asset Company          
Revenues          
Management fees 243,000 1,086,000 741,000 1,830,000  
Incentive income 0 0 15,000 0  
Operating Segments          
Revenues          
Investment banking 104,216,000 80,042,000 187,212,000 173,966,000  
Brokerage 120,672,000 113,186,000 225,829,000 227,257,000  
Management fees 10,468,000 12,486,000 20,898,000 25,613,000  
Incentive income 4,229,000 9,363,000 20,976,000 14,559,000  
Investment Income 485,000 19,954,000 17,468,000 34,256,000  
Interest and dividends 0 0 0 0  
Reimbursement from affiliates 0 0 0 0  
Aircraft lease revenue   0   0  
Reinsurance premiums 0 0 0 0  
Other revenues 4,319,000 (721,000) 5,478,000 166,000  
Total revenues 244,389,000 234,310,000 477,861,000 475,817,000  
Interest expense 6,706,000 4,124,000 13,270,000 10,081,000  
Total net revenues 237,683,000 230,186,000 464,591,000 465,736,000  
Expenses          
Non-interest expense 218,819,000 205,965,000 426,004,000 415,298,000  
Goodwill, Impairment Loss 0   0    
Total expenses 218,819,000 205,965,000 426,004,000 415,298,000  
Other income (loss)          
Total other income (loss) 0 0 0 0  
Income tax expense (benefit) 0 0 0 0  
(Income) loss attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 1,683,000 2,480,000 4,431,000 4,638,000  
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 17,181,000 21,741,000 34,156,000 45,800,000  
Preferred stock dividends 1,698,000 1,698,000 3,396,000 3,396,000  
Net income (loss) attributable to Cowen Inc. common stockholders 15,483,000 20,043,000 30,760,000 42,404,000  
Other Depreciation and Amortization 4,952,000 2,959,000 9,908,000 5,945,000  
Economic Operating Income 20,435,000 23,002,000 40,668,000 48,349,000  
Operating Segments | Consolidated Funds          
Revenues          
Total revenues 0 0 0 0  
Expenses          
Total expenses 0 0 0 0  
Operating Segments | Operating Company          
Revenues          
Investment banking 104,216,000 80,042,000 187,212,000 173,966,000  
Brokerage 120,672,000 113,186,000 225,829,000 227,257,000  
Management fees 9,968,000 10,938,000 19,695,000 22,217,000  
Incentive income 2,633,000 12,321,000 19,270,000 15,360,000  
Investment Income (3,141,000) 18,476,000 13,001,000 36,710,000  
Interest and dividends 0 0 0 0  
Reimbursement from affiliates 0 0 0 0  
Aircraft lease revenue   0   0  
Reinsurance premiums 0 0 0 0  
Other revenues 4,304,000 (811,000) 5,427,000 (147,000)  
Total revenues 238,652,000 234,152,000 470,434,000 475,363,000  
Interest expense 5,298,000 3,134,000 10,615,000 7,661,000  
Total net revenues 233,354,000 231,018,000 459,819,000 467,702,000  
Expenses          
Non-interest expense 215,808,000 203,684,000 421,562,000 410,059,000  
Goodwill, Impairment Loss 0   0    
Total expenses 215,808,000 203,684,000 421,562,000 410,059,000  
Other income (loss)          
Total other income (loss) 0 0 0 0  
Income tax expense (benefit) 0 0 0 0  
(Income) loss attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 1,448,000 1,672,000 3,250,000 3,812,000  
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 16,098,000 25,662,000 35,007,000 53,831,000  
Preferred stock dividends 1,341,000 1,290,000 2,717,000 2,581,000  
Net income (loss) attributable to Cowen Inc. common stockholders 14,757,000 24,372,000 32,290,000 51,250,000  
Other Depreciation and Amortization 4,945,000 2,913,000 9,884,000 5,842,000  
Economic Operating Income 19,702,000 27,285,000 42,174,000 57,092,000  
Operating Segments | Operating Company | Consolidated Funds          
Revenues          
Total revenues 0 0 0 0  
Expenses          
Total expenses 0 0 0 0  
Operating Segments | Asset Company          
Revenues          
Investment banking 0 0 0 0  
Brokerage 0 0 0 0  
Management fees 500,000 1,548,000 1,203,000 3,396,000  
Incentive income 1,596,000 (2,958,000) 1,706,000 (801,000)  
Investment Income 3,626,000 1,478,000 4,467,000 (2,454,000)  
Interest and dividends 0 0 0 0  
Reimbursement from affiliates 0 0 0 0  
Aircraft lease revenue   0   0  
Reinsurance premiums 0 0 0 0  
Other revenues 15,000 90,000 51,000 313,000  
Total revenues 5,737,000 158,000 7,427,000 454,000  
Interest expense 1,408,000 990,000 2,655,000 2,420,000  
Total net revenues 4,329,000 (832,000) 4,772,000 (1,966,000)  
Expenses          
Non-interest expense 3,011,000 2,281,000 4,442,000 5,239,000  
Goodwill, Impairment Loss 0   0    
Total expenses 3,011,000 2,281,000 4,442,000 5,239,000  
Other income (loss)          
Total other income (loss) 0 0 0 0  
Income tax expense (benefit) 0 0 0 0  
(Income) loss attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 235,000 808,000 1,181,000 826,000  
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 1,083,000 (3,921,000) (851,000) (8,031,000)  
Preferred stock dividends 357,000 408,000 679,000 815,000  
Net income (loss) attributable to Cowen Inc. common stockholders 726,000 (4,329,000) (1,530,000) (8,846,000)  
Other Depreciation and Amortization 7,000 46,000 24,000 103,000  
Economic Operating Income 733,000 (4,283,000) (1,506,000) (8,743,000)  
Operating Segments | Asset Company | Consolidated Funds          
Revenues          
Total revenues 0 0 0 0  
Expenses          
Total expenses 0 0 0 0  
Adjustments | Funds Consolidation          
Revenues          
Investment banking 0 0 0 0  
Brokerage 0 0 0 0  
Management fees (565,000) (612,000) (1,066,000) (1,815,000)  
Incentive income 0 (8,000) (544,000) (17,000)  
Investment Income 0 0 0 0  
Interest and dividends 0 0 0 0  
Reimbursement from affiliates (33,000) (65,000) (67,000) (133,000)  
Aircraft lease revenue   0   0  
Reinsurance premiums 0 0 0 0  
Other revenues 12,000 0 12,000 0  
Total revenues 2,882,000 2,390,000 4,143,000 4,311,000  
Interest expense 0 0 0 0  
Total net revenues 2,882,000 2,390,000 4,143,000 4,311,000  
Expenses          
Non-interest expense 0 0 0 0  
Goodwill, Impairment Loss 0   0    
Total expenses 2,231,000 3,149,000 3,713,000 5,580,000  
Other income (loss)          
Total other income (loss) 2,827,000 23,411,000 3,448,000 33,458,000  
Income tax expense (benefit) 0 0 0 0  
(Income) loss attributable to redeemable non-controlling interests in consolidated subsidiaries and funds 3,478,000 22,652,000 3,878,000 32,189,000  
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 0 0 0 0  
Preferred stock dividends 0 0 0 0  
Net income (loss) attributable to Cowen Inc. common stockholders 0 0 0 0  
Adjustments | Funds Consolidation | Consolidated Funds          
Revenues          
Total revenues 3,468,000 3,075,000 5,808,000 6,276,000  
Expenses          
Total expenses 2,231,000 3,149,000 3,713,000 5,580,000  
Adjustments | Other Adjustments          
Revenues          
Investment banking [2] 10,489,000 4,784,000 7,599,000 8,848,000  
Brokerage [5] (9,290,000) (9,901,000) (16,984,000) (18,239,000)  
Management fees (2,864,000) (4,501,000) [6] (5,652,000) [6] (9,008,000) [6]  
Incentive income (4,221,000) (9,307,000) [6] (20,409,000) [6] (14,478,000) [6]  
Investment Income [3] (485,000) [7] (19,954,000) [8] (17,468,000) (34,256,000) [8]  
Interest and dividends [3] 40,047,000 25,109,000 [5] 69,139,000 [5] 51,063,000 [5]  
Reimbursement from affiliates 287,000 401,000 [7] 609,000 [7] 846,000 [7]  
Aircraft lease revenue [8]   419,000   1,134,000  
Reinsurance premiums 14,331,000 [8] 9,226,000 [9] 20,922,000 [9] 17,873,000 [9]  
Other revenues (3,401,000) [8] 1,597,000 [9] (3,499,000) [9] 2,046,000 [9]  
Total revenues 44,893,000 (2,127,000) 34,257,000 5,829,000  
Interest expense [3] 32,822,000 20,182,000 [5] 55,342,000 [5] 38,765,000 [5]  
Total net revenues 12,071,000 (22,309,000) (21,085,000) (32,936,000)  
Expenses          
Non-interest expense [1],[2],[4] 21,962,000 [3] 14,302,000 [7] 34,084,000 [7] 28,284,000 [7]  
Goodwill, Impairment Loss 4,100,000 [1],[2],[3],[4]   4,100,000    
Total expenses 26,062,000 14,302,000 38,184,000 28,284,000  
Other income (loss)          
Total other income (loss) [3] 6,865,000 [10] 23,737,000 [4],[6],[10] 47,186,000 [4],[6] 47,524,000 [4],[6],[10]  
Income tax expense (benefit) [1] 5,073,000 3,993,000 8,250,000 10,916,000  
(Income) loss attributable to redeemable non-controlling interests in consolidated subsidiaries and funds (830,000) (525,000) (1,772,000) (1,064,000)  
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. (11,369,000) (16,342,000) (18,561,000) (23,548,000)  
Preferred stock dividends 0 0 0 0  
Net income (loss) attributable to Cowen Inc. common stockholders (11,369,000) (16,342,000) (18,561,000) (23,548,000)  
Adjustments | Other Adjustments | Consolidated Funds          
Revenues          
Total revenues 0 0 0 0  
Expenses          
Total expenses $ 0 $ 0 $ 0 $ 0  
[1] Economic Income (Loss) excludes income taxes and acquisition related adjustments as management does not consider these items when evaluating the performance of the segment.
[2] Economic Income (Loss) presents underwriting expenses net of investment banking revenues, expenses reimbursedfrom clients within their respective expense category. Economic Income (Loss) also records retainer fees, relating to investment banking activities, collectible during the period that would otherwise be deferred until closing for US GAAP reporting
[3] Economic Income (Loss) recognizes Company income from proprietary trading (including interest and dividends
[4] Economic Income (Loss) recognizes the Company's proportionate share of expenses, for certain real estate operating entities and the activist business, for which the investments are recorded under the equity method of accounting for investments.
[5] Economic Income (Loss) brokerage revenues included net securities borrowed and securities loaned activities whichare shown gross in interest income and interest expense for US GAAP.
[6] Economic Income (Loss) recognizes revenues (i) net of distribution fees paid to agents, (ii) records income from uncrystallized incentive fees and (iii) the Company's proportionate share of management and incentive fees of certain real estate operating entities, the healthcare royalty business and the activist business.
[7] Reimbursement from affiliates is shown as a reduction of Economic Income expenses, but is included as a part of revenues under US GAAP.
[8] Aircraft lease revenue is shown net of expenses in investment income for Economic Income (Loss).
[9] Economic Income (Loss) recognizes underwriting income from the Company's insurance related activities, net of expenses, within other revenue.
[10] Economic Income (Loss) excludes gain/(loss) on debt extinguishment.