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Segment Reporting (Details)
12 Months Ended
Dec. 31, 2019
USD ($)
segment
customer
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Segment Reporting Information [Line Items]      
Number of operating segments | segment 2    
Entity-wide revenue, major customer, number | customer 0    
Revenues      
Investment banking $ 375,025,000 $ 357,222,000 $ 223,614,000
Brokerage 402,747,000 413,582,000 293,610,000
Management fees 32,608,000 29,658,000 33,245,000
Incentive income 1,547,000 3,117,000 5,383,000
Investment Income 0 0 0
Interest and dividends 174,913,000 108,009,000 49,440,000
Reimbursement from affiliates 1,026,000 1,038,000 2,860,000
Aircraft lease revenue 0 1,852,000 3,751,000
Reinsurance premiums 46,335,000 38,096,000 30,996,000
Other revenues 5,433,000 4,504,000 8,561,000
Total revenues 1,049,443,000 966,916,000 658,781,000
Interest expense 168,628,000 104,116,000 60,949,000
Total net revenues 880,815,000 862,800,000 597,832,000
Expenses      
Non-interest expense 935,801,000 882,329,000 684,123,000
Goodwill Impairment 4,100,000 0 0
Total expenses 948,864,000 890,944,000 696,649,000
Other income (loss)      
Total other income (loss) 138,772,000 123,742,000 105,779,000
Income tax expense (benefit) 14,853,000 15,719,000 44,053,000
(Net Income (Loss) Attributable to Noncontrolling Interest (31,239,000) (37,060,000) (23,791,000)
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 24,631,000 42,819,000 (60,882,000)
Preferred stock dividends 6,792,000 6,792,000 6,792,000
Net income (loss) attributable to Cowen Inc. common stockholders 17,839,000 36,027,000 (67,674,000)
Consolidated Funds      
Revenues      
Total revenues 9,809,000 9,838,000 7,321,000
Expenses      
Total expenses 8,963,000 8,615,000 12,526,000
Other income (loss)      
(Net Income (Loss) Attributable to Noncontrolling Interest (34,503,000) (33,883,000) (21,438,000)
Operating Company      
Revenues      
Management fees 31,361,000 26,080,000  
Incentive income 1,532,000 3,117,000  
Asset Company      
Revenues      
Management fees 1,248,000 3,578,000  
Incentive income 15,000 0  
Operating Segments      
Revenues      
Investment banking 352,192,000 329,061,000 223,614,000
Brokerage 440,413,000 452,299,000 312,780,000
Management fees 45,674,000 49,175,000 55,387,000
Incentive income 46,193,000 23,747,000 26,028,000
Investment Income 54,455,000 56,346,000 45,142,000
Interest and dividends 0 0 0
Reimbursement from affiliates 0 0 0
Aircraft lease revenue   0 0
Reinsurance premiums 0 0 0
Other revenues 5,843,000 (1,168,000) 3,231,000
Total revenues 944,770,000 909,460,000 666,182,000
Interest expense 28,025,000 23,013,000 18,888,000
Total net revenues 916,745,000 886,447,000 647,294,000
Expenses      
Non-interest expense 856,515,000 805,359,000 625,387,000
Goodwill Impairment 0    
Total expenses 856,515,000 805,359,000 625,387,000
Other income (loss)      
Total other income (loss) 0 0 0
Income tax expense (benefit) 0 0 0
(Net Income (Loss) Attributable to Noncontrolling Interest (4,796,000) (4,954,000) (6,072,000)
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 55,434,000 76,134,000 15,835,000
Preferred stock dividends 6,792,000 6,792,000 6,792,000
Net income (loss) attributable to Cowen Inc. common stockholders 48,642,000 69,342,000 9,043,000
Other Depreciation and Amortization 20,439,000 11,583,000 11,558,000
Economic Operating Income 69,081,000 80,925,000 20,601,000
Operating Segments | Consolidated Funds      
Revenues      
Other revenues     0
Total revenues 0 0  
Expenses      
Total expenses 0 0 0
Operating Segments | Operating Company      
Revenues      
Investment banking 352,192,000 329,061,000 223,614,000
Brokerage 440,413,000 452,299,000 312,780,000
Management fees 43,698,000 43,466,000 45,007,000
Incentive income 45,041,000 16,851,000 17,872,000
Investment Income 51,344,000 53,593,000 7,204,000
Interest and dividends 0 0 0
Reimbursement from affiliates 0 0 0
Aircraft lease revenue   0 0
Reinsurance premiums 0 0 0
Other revenues 5,785,000 (1,619,000) 3,307,000
Total revenues 938,473,000 893,651,000 609,784,000
Interest expense 22,576,000 17,489,000 13,599,000
Total net revenues 915,897,000 876,162,000 596,185,000
Expenses      
Non-interest expense 847,485,000 788,272,000 584,816,000
Goodwill Impairment 0    
Total expenses 847,485,000 788,272,000 584,816,000
Other income (loss)      
Total other income (loss) 0 0 0
Income tax expense (benefit) 0 0 0
(Net Income (Loss) Attributable to Noncontrolling Interest (4,796,000) (4,212,000) (5,178,000)
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 63,616,000 83,678,000 6,191,000
Preferred stock dividends 5,434,000 5,162,000 4,890,000
Net income (loss) attributable to Cowen Inc. common stockholders 58,182,000 78,516,000 1,301,000
Other Depreciation and Amortization 20,403,000 11,402,000 11,211,000
Economic Operating Income 78,585,000 89,918,000 12,512,000
Operating Segments | Operating Company | Consolidated Funds      
Revenues      
Other revenues     0
Total revenues 0 0  
Expenses      
Total expenses 0 0 0
Operating Segments | Asset Company      
Revenues      
Investment banking 0 0 0
Brokerage 0 0 0
Management fees 1,976,000 5,709,000 10,380,000
Incentive income 1,152,000 6,896,000 8,156,000
Investment Income 3,111,000 2,753,000 37,938,000
Interest and dividends 0 0 0
Reimbursement from affiliates 0 0 0
Aircraft lease revenue   0 0
Reinsurance premiums 0 0 0
Other revenues 58,000 451,000 (76,000)
Total revenues 6,297,000 15,809,000 56,398,000
Interest expense 5,449,000 5,524,000 5,289,000
Total net revenues 848,000 10,285,000 51,109,000
Expenses      
Non-interest expense 9,030,000 17,087,000 40,571,000
Goodwill Impairment 0    
Total expenses 9,030,000 17,087,000 40,571,000
Other income (loss)      
Total other income (loss) 0 0 0
Income tax expense (benefit) 0 0 0
(Net Income (Loss) Attributable to Noncontrolling Interest 0 (742,000) (894,000)
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. (8,182,000) (7,544,000) 9,644,000
Preferred stock dividends 1,358,000 1,630,000 1,902,000
Net income (loss) attributable to Cowen Inc. common stockholders (9,540,000) (9,174,000) 7,742,000
Other Depreciation and Amortization 36,000 181,000 347,000
Economic Operating Income (9,504,000) (8,993,000) 8,089,000
Operating Segments | Asset Company | Consolidated Funds      
Revenues      
Other revenues     0
Total revenues 0 0  
Expenses      
Total expenses 0 0 0
Adjustments | Funds Consolidation      
Revenues      
Investment banking 0 0 0
Brokerage 0 0 0
Management fees (2,270,000) (2,513,000) (2,593,000)
Incentive income (600,000) (52,000) (1,739,000)
Investment Income 0 0 0
Interest and dividends 0 0 0
Reimbursement from affiliates (122,000) (269,000) (297,000)
Aircraft lease revenue   0 0
Reinsurance premiums 0 0 0
Other revenues (14,000) 0 0
Total revenues 6,803,000 7,004,000 2,692,000
Interest expense 0 0 0
Total net revenues 6,803,000 7,004,000 2,692,000
Expenses      
Non-interest expense 0 0 (199,000)
Goodwill Impairment 0    
Total expenses 8,963,000 8,615,000 12,327,000
Other income (loss)      
Total other income (loss) 36,663,000 35,494,000 31,073,000
Income tax expense (benefit) 0 0 0
(Net Income (Loss) Attributable to Noncontrolling Interest (34,503,000) (33,883,000) (21,438,000)
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. 0 0 0
Preferred stock dividends 0 0  
Net income (loss) attributable to Cowen Inc. common stockholders 0 0  
Adjustments | Funds Consolidation | Consolidated Funds      
Revenues      
Total revenues 9,809,000 9,838,000 7,321,000
Expenses      
Total expenses 8,963,000 8,615,000 12,526,000
Adjustments | Other Adjustments      
Revenues      
Investment banking 22,833,000 [1] 28,161,000 [1] 0
Brokerage [2] (37,666,000) (38,717,000) (19,170,000)
Management fees [3] (10,796,000) (17,004,000) (19,549,000)
Incentive income [3] (44,046,000) (20,578,000) (18,906,000)
Investment Income [4] (54,455,000) (56,346,000) [5] (45,142,000) [5]
Interest and dividends [2],[4] 174,913,000 108,009,000 49,440,000
Reimbursement from affiliates [6] 1,148,000 1,307,000 3,157,000
Aircraft lease revenue [5]   1,852,000 3,751,000
Reinsurance premiums [7] 46,335,000 38,096,000 30,996,000
Other revenues [7] (396,000) 5,672,000 5,330,000
Total revenues 97,870,000 50,452,000 (10,093,000)
Interest expense [4] 140,603,000 [2] 81,103,000 42,061,000
Total net revenues (42,733,000) (30,651,000) (52,154,000)
Expenses      
Non-interest expense [1],[6],[8],[9] 79,286,000 76,970,000 58,935,000
Goodwill Impairment 4,100,000    
Total expenses 83,386,000 76,970,000 58,935,000
Other income (loss)      
Total other income (loss) [3],[4],[9] 102,109,000 88,248,000 [10] 74,706,000 [10],[11]
Income tax expense (benefit) [8] 14,853,000 15,719,000 44,053,000
(Net Income (Loss) Attributable to Noncontrolling Interest 8,060,000 1,777,000 3,719,000
Economic Income (Loss) / Net income (loss) attributable to Cowen Group, Inc. (30,803,000) (33,315,000) (76,717,000)
Preferred stock dividends 0 0  
Net income (loss) attributable to Cowen Inc. common stockholders (30,803,000) (33,315,000)  
Adjustments | Other Adjustments | Consolidated Funds      
Revenues      
Total revenues 0 0 0
Expenses      
Total expenses $ 0 $ 0 $ 0
[1] Economic Income (Loss) presents underwriting expenses net of investment banking revenues, expenses reimbursed from 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.
[2] Economic Income (Loss) brokerage revenues included net securities borrowed and securities loaned activities which are shown gross in interest income and interest expense for US GAAP.
[3] Economic Income (Loss) recognizes revenues (i) net of fund start-up costs and 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.
[4] Economic Income (Loss) recognizes Company income from proprietary trading (including interest and dividends ) for which the majority of this activity is shown in other income (loss) for US GAAP reporting.
[5] Aircraft lease revenue is shown net of expenses in investment income for Economic Income (Loss).
[6] Reimbursement from affiliates is shown as a reduction of Economic Income expenses, but is included as a part of revenues under US GAAP.
[7] Economic Income (Loss) recognizes underwriting income from the Company's insurance related activities, net of expenses, within other revenue. The costs are recorded within expenses for US GAAP reporting.
[8] Economic Income (Loss) excludes income taxes and acquisition related adjustments as management does not consider these items when evaluating the performance of the segment.
[9] 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.
[10] Economic Income (Loss) excludes gain/(loss) on debt extinguishment.
[11] Economic Income (Loss) excludes the bargain purchase gain which resulted from the Convergex Group acquisition