UBS Asset Management has announced an agreement to sell its O’Connor business, which includes a single manager hedge fund, private credit, and commodities platform, to Cantor Fitzgerald. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals and customary closing conditions.
The sale involves six investment strategies with approximately USD 11 billion in assets under management. Upon completion, O’Connor’s investment and support teams will transition to Cantor Fitzgerald's Asset Management division. UBS Asset Management and Cantor Fitzgerald plan to establish a long-term commercial arrangement following the sale.
Aleksandar Ivanovic, President of UBS Asset Management, stated: “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 further noted that selecting a buyer with complementary capabilities was a priority.
Bill Ferri from Cantor Fitzgerald commented: “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.”
Blake Hiltabrand from O’Connor added: “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 Group AG anticipates recognizing an immaterial gain upon completion of this transaction.
UBS Asset Management remains one of the leading alternatives investment managers with over USD 440 billion in invested assets across various global businesses. Meanwhile, Cantor Fitzgerald continues its operations as a prominent global financial services company with diverse offerings across multiple sectors.