$1.8 Trillion UBS Asset Management Sells Alternatives Platform O’Connor 6 Investment Strategies with $11 Billion AUM (O’Connor Single Manager Hedge Fund, Private Credit & Commodities Platform) to United States Financial Services Group Cantor Fitzgerald, Acquired in 1992 by Swiss Bank Corporation (UBS is Merger of Swiss Bank Corporation & Union Bank of Switzerland in 1998), O’Connor Alternatives Platform Include Hedge Funds, Alternative Credit & Commodities, Cantor Fitzgerald Asset Management with $14.8 Billion AUM
29th May 2025 | Hong Kong
UBS Asset Management ($1.8 trillion AUM) has announced to sell alternatives platform O’Connor 6 investment strategies with $11 billion AUM (O’Connor Single Manager Hedge Fund, Private Credit & Commodities Platform) to United States financial services group Cantor Fitzgerald. O’Connor was acquired in 1992 by Swiss Bank Corporation, and UBS was formed in merger of Swiss Bank Corporation & Union Bank of Switzerland in 1998. O’Connor alternatives platform include hedge funds, alternative credit & commodities. Announcement (28/5/25): “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.” Earlier in 2025 May, UBS Asset Management was reported to be in discussion to sell alternatives platform O’Connor ($16 billion AUM) to United States financial services group Cantor Fitzgerald. O’Connor is an established alternatives platform with hedge funds, alternative credit and commodities. We have over 40 years of institutional experience in trading and market making and over 20 years’ experience as a hedge fund manager with a strong focus on relative value investing and risk management. O’Connor’s capabilities cover a wide range of investment strategies, which seek to achieve attractive risk-adjusted absolute returns with low correlation to most major asset classes and traditional investment benchmarks. O’Connor offers investors a dynamic and resilient investment approach, with a strong focus on relative value investing and risk management.
Aleksandar Ivanovic, President UBS Asset Management: “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 … … 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: “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: “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.”
UBS Asset Management – UBS Asset Management is a global, large-scale and diversified asset manager offering investment capabilities and strategies, across all major traditional and alternative asset classes, to institutions, wholesale intermediaries and Global Wealth Management clients. It is one of the leading Europe-based asset managers, with total invested assets of USD 1.8trn globally at the end of 1Q25, and has a presence in 25 markets. UBS Asset Management is focused on meeting the evolving needs of its clients by capitalizing on the products and areas where it has a differentiated and scalable offering and by expanding the strong partnerships with the other business divisions across the Group.
Cantor Fitzgerald – Cantor Fitzgerald, with more than 14,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 79 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more.
Cantor Fitzgerald Asset Management – Cantor Fitzgerald Asset Management’s global investment platform consists of approximately $14.8 billion of assets under management across mutual funds, interval funds, exchange-traded funds, separately managed accounts, unified managed accounts, non-traded REITs, opportunity zone funds, 1031 and 721 exchange vehicles, and other private investment vehicles managed on behalf of high net worth and institutional investors. The experience and knowledge of its senior leadership and portfolio management teams combined with the financial services prowess of industry leader, Cantor Fitzgerald, enable the delivery of a platform of solutions across a comprehensive range of capabilities.
UBS Asset Management to Sell $16 Billion Alternatives Platform O’Connor to United States Financial Services Group Cantor Fitzgerald, Acquired in 1992 by Swiss Bank Corporation (UBS is Merger of Swiss Bank Corporation & Union Bank of Switzerland in 1998), O’Connor Alternatives Platform Include Hedge Funds, Alternative Credit & Commodities
9th May 2025 – UBS Asset Management has been reported to be in discussion to sell alternatives platform O’Connor ($16 billion AUM) to United States financial services group Cantor Fitzgerald. O’Connor was acquired in 1992 by Swiss Bank Corporation, and UBS was formed in merger of Swiss Bank Corporation & Union Bank of Switzerland in 1998. O’Connor alternatives platform include hedge funds, alternative credit & commodities. O’Connor is an established alternatives platform with hedge funds, alternative credit and commodities. We have over 40 years of institutional experience in trading and market making and over 20 years’ experience as a hedge fund manager with a strong focus on relative value investing and risk management. O’Connor’s capabilities cover a wide range of investment strategies, which seek to achieve attractive risk-adjusted absolute returns with low correlation to most major asset classes and traditional investment benchmarks. O’Connor offers investors a dynamic and resilient investment approach, with a strong focus on relative value investing and risk management.
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