Cantor Fitzgerald Buys UBS’s O’Connor Alts Platform

Cantor Fitzgerald announced it has entered into a definitive agreement to acquire UBS’s O’Connor alternatives investment platform, which includes hedge funds, private credit and commodities, with approximately $11 billion in invested assets. This acquisition will significantly bolster Cantor Fitzgerald’s Asset Management (“CFAM”) capabilities and supports the Company’s broader growth efforts across its core businesses, including Cantor, its premier global investment bank. Upon closing, the investment and support teams will move to Cantor Fitzgerald, and O’Connor will operate as a distinct alternatives business within CFAM. O’Connor will report to William (“Bill”) Ferri, Global Head of CFAM, who was a 25-year veteran of UBS and founding member of its O’Connor business. As part of the agreement, CFAM and UBS AM will establish a long-term commercial arrangement. O’Connor capabilities will continue to be offered to UBS Global Wealth Management clients, subject to customary due diligence and monitoring, as well as to institutional and high net worth clients globally.