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Significant Accounting Policies All Other - Quarterly (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
cowenfund
Dec. 31, 2019
USD ($)
Assets $ 4,732,051 $ 5,162,025
Liabilities 3,491,006 3,866,575
Cumulative Effect of New Accounting Principle in Period of Adoption 10  
Variable Interest Entity, Primary Beneficiary [Member]    
Assets 613,700 685,400
Liabilities $ 34,900 $ 24,900
Other investment companies    
Number of Funds | cowenfund 6  
Operating Company [Member] | Hedge Funds    
Asset Management Fees, Percent Fee 2.00%  
Operating Company [Member] | During investment period | Minimum    
Asset Management Fees, Percent Fee 1.00%  
Operating Company [Member] | During investment period | Maximum    
Asset Management Fees, Percent Fee 2.00%  
Operating Company [Member] | After investment period | Healthcare Royalty Partners | Minimum    
Asset Management Fees, Percent Fee 0.50%  
Operating Company [Member] | After investment period | Healthcare Royalty Partners | Maximum    
Asset Management Fees, Percent Fee 2.00%  
Operating Company [Member] | After investment period | Other Healthcare Royalty Partners | Minimum    
Asset Management Fees, Percent Fee 0.20%  
Operating Company [Member] | After investment period | Other Healthcare Royalty Partners | Maximum    
Asset Management Fees, Percent Fee 1.00%  
Asset Company | Real Estate Funds | Minimum    
Asset Management Fees, Percent Fee 0.25%  
Asset Company | Real Estate Funds | Maximum    
Asset Management Fees, Percent Fee 1.50%