By Adriano Marchese
Cantor Fitzgerald has agreed to acquire UBS Group's O'Connor alternatives investment platform for an undisclosed sum.
The New York financial-services firm on Wednesday said it has entered into a definitive agreement with UBS for the acquisition, which includes hedge funds, private credit and commodities, with about $11 billion in invested assets.
Once the acquisition closes in the fourth quarter, O'Connor will operate as a distinct alternatives business within Cantor Fitzgerald's Asset Management.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 28, 2025 09:23 ET (13:23 GMT)
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