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Cantor Fitzgerald has reached a definitive agreement to acquire UBS’s O’Connor alternatives investment platform. This acquisition, announced on May 28, 2025, involves approximately $11 billion in assets under management (AUM) across hedge funds, private credit, and commodities.
Key details of the acquisition:
* Assets: The deal includes O’Connor’s six investment strategies, totaling around $11 billion in AUM.
* Integration: Upon closing, O’Connor’s investment and support teams will move to Cantor Fitzgerald Asset Management (CFAM) and the platform will operate as a distinct alternatives business within CFAM.
* Leadership: William Ferri, Global Head of CFAM and a founding member of O’Connor from his 25-year tenure at UBS, will oversee the new division.
* Strategic Partnership: Cantor Fitzgerald Asset Management and UBS Asset Management will establish a long-term commercial relationship, ensuring O’Connor’s offerings remain available to UBS Global Wealth Management clients.
* Rationale for Cantor Fitzgerald: This acquisition is seen as a transformative opportunity to significantly bolster CFAM’s capabilities in alternative investments, driving growth across Cantor Fitzgerald’s core businesses.
* Rationale for UBS: The sale aligns with UBS’s strategy to focus on areas where it can achieve scale and maximize investor value, while also potentially reducing risk-weighted assets amid stricter Swiss regulations.
* Closing: The initial close of the transaction is expected during the fourth quarter of 2025, subject to regulatory approvals and other customary closing conditions.

Video courtesy of Eurex

Video courtesy of Eurex