Cantor Fitzgerald has announced its acquisition of UBS's hedge fund division, O'Connor. This move is part of Cantor's ongoing strategy to expand its market presence under the leadership of Brandon Lutnick, son of former Cantor CEO and current U.S. Commerce Secretary Howard Lutnick.
O'Connor specializes in alternative assets, including hedge funds, private credit, and commodities. The acquisition will add $11 billion in investment assets to Cantor's asset management division. Brandon Lutnick emphasized that acquiring O'Connor is transformative for their asset management business, highlighting their commitment to investing in high-growth opportunities.
The financial terms of the deal have not been disclosed, and Cantor Fitzgerald has not commented on the specifics of the transaction.
