Cohen & Company Inc. is a financial services company specializing in capital markets, asset management, and principal investing, operating through U.S. and European subsidiaries that serve corporations, financial sponsors, investors, and institutions. The company's Capital Markets segment conducts sales and trading across fixed-income and mortgage products, provides investment banking and advisory services through its boutique division focused on SPACs and frontier technologies, and operates a commercial real estate lending platform; Capital Markets revenue derives from trading execution, gains and losses on securities, underwriting fees, and advisory services. The Asset Management segment manages approximately $1.4 billion in assets under management primarily in fixed-income securities and commercial real estate loans through registered advisors and funds, generating revenue through management fees based on assets or investment performance, while the Principal Investing segment holds equity positions in SPACs and other securities for direct returns.