DBT Bureau
Pune, 31 May 2025
The sale includes O’Connor’s six investment strategies with ~USD 11bn in assets under management
- The investment and support teams will also move to Cantor Fitzgerald.
- In addition, UBS Asset Management and Cantor Fitzgerald will establish a long-term commercial arrangement.
- Following the sale, UBS will continue to be one of the leading alternatives investment managers with over ~USD 440bn in invested assets across its Unified Global Alternatives, Global Real Assets and Credit Investments Group businesses.
UBS Asset Management (Americas) LLC announces that it has entered into a definitive agreement to sell its O’Connor single manager hedge fund, private credit and commodities platform to Cantor Fitzgerald. The initial close of the transaction is expected during the fourth quarter of 2025, subject to regulatory approvals and other customary closing conditions.
The sale includes O’Connor’s six investment strategies that have ~USD 11bn in assets under management. In addition, O’Connor’s investment and support teams will move to Cantor Fitzgerald’s Asset Management (CFAM) division upon closing. UBS Asset Management (UBS AM) and Cantor Fitzgerald will work closely together to ensure a seamless transition for clients. As part of the agreement, UBS AM and Cantor Fitzgerald will establish a long-term commercial arrangement.
UBS Group AG expects to recognize an immaterial gain upon completion of the transaction.
Aleksandar Ivanovic, President UBS Asset Management, says: “We have substantial growth ambitions, and are focused on expanding our differentiated alternatives capabilities where we are positioned to win at scale. In deciding to sell O’Connor, we considered a number of factors, including its strategic fit and growth potential within UBS, and have been guided by the best interests of investors.”
He adds, “Our priority has been to select a buyer with complementary capabilities, culture and team, and we believe that Cantor Fitzgerald is strongly placed to take the O’Connor business forward.”
Bill Ferri, Global Head of Cantor Fitzgerald Asset Management, says: “Acquiring the O’Connor business is a transformational opportunity for CFAM to deliver world-class hedge fund, private credit, and commodities investments to clients globally. We believe our knowledge of and experience with O’Connor uniquely positions us to grow this business, focusing on attracting and retaining investment talent, investing in a flexible, unconstrained operating platform, and delivering attractive risk adjusted outcomes and best-in-class client service.”
Blake Hiltabrand, Global Head of O’Connor, adds: “This marks a pivotal new chapter for our business. As a cornerstone of Cantor Fitzgerald’s alternative investment platform, the O’Connor team is excited about the opportunity to invest in and expand our capabilities while staying true to our roots as fundamental investors.”
