UBS Asset Management (Americas) LLC announces that it has entered into a definitive agreement on the sale of the Hedge Hedge Fund O’Connor platform, private credit and basic products to Cantor Fitzgerald.
The initial closure of the transaction is expected in the fourth quarter of 2025, without prejudice to regulatory approvals and other usual closing conditions.
The sale includes O’Connor’s six investment strategies that have about $ 11 billion in management assets. In addition, O’Connor’s investment and support groups will move to the Cantor Fitzgerald (CFAM) assets management department during closure.
UBS Asset Management (UBS Am) and Cantor Fitzgerald will work closely to ensure a seamless transition for customers. Under the agreement, UBS Am and Cantor Fitzgerald will create a long -term trade regulation.
UBS Group AG expects to recognize an irrelevant profit after the transaction is completed.
Aleksandar Ivanovic, president of UBS Asset Management, says:
“We have significant ambitions of growth and focus on expanding our differentiated alternative potential where we are placed to win on a scale. To decide to sell O’Connor, we considered many factors, including the strategy of adapting and developing the potential to UBS and have been guided by UBS.”
Bill Ferri, a world leader of Cantor Fitzgerald’s assets management, says:
“Obtaining O’Connor is a transformative opportunity for CFAM to provide worldwide hedge fund, private credit and investment of commodity to customers worldwide. We believe that our knowledge and experience with O’Connor put us unique to develop this business, focusing on the investment and investment Flexible, the unpredictable functional platform and the delivery of attractive danger and adaptation of conditions and the best customers.
Blake Hiltabrand, O’Connor’s world leader, adds:
“This marks a central new capital for our business. As a cornerstone of Cantor Fitzgerald’s alternative investment platform, the O’Connor team is excited about the opportunity to invest and expand our potential, while remaining true to our roots as fundamental investors.”