UBS Asset Management has announced the sale of its O'Connor business to Cantor Fitzgerald. The transaction involves O'Connor's single manager hedge fund, private credit, and commodities platform, with an expected initial close in the fourth quarter of 2025. This is subject to regulatory approvals and customary closing conditions.
The sale includes six investment strategies from O’Connor, which manage approximately USD 11 billion in assets. Upon completion, the investment and support teams will transition to Cantor Fitzgerald’s Asset Management division. Both companies plan a long-term commercial arrangement following the deal.
UBS Group AG anticipates recognizing a minimal gain upon completion of this transaction. Aleksandar Ivanovic, President of UBS Asset Management, emphasized their focus on expanding alternative capabilities that align with their growth ambitions. "We have substantial growth ambitions," Ivanovic stated. He noted that selling O'Connor involved considering its strategic fit within UBS.
Bill Ferri from Cantor Fitzgerald described the acquisition as transformational for delivering global investments in hedge funds and other areas: “Acquiring the O’Connor business is a transformational opportunity for CFAM."
Blake Hiltabrand from O’Connor added that this move marks a significant new phase for their business under Cantor Fitzgerald’s alternative investment platform.