Cantor Fitzgerald expands asset management capabilities with acquisition of UBS’s O’Connor alternatives investment platform

• O’Connor will add approximately $11 billion AUM in hedge funds, private credit, and commodities to Cantor Fitzgerald’s Asset Management platform
• Acquisition underscores Cantor Fitzgerald’s commitment to accelerating growth across its core businesses

Cantor Fitzgerald (“Cantor Fitzgerald” and the “Company”), a leading global financial services firm, today announced it has entered into a definitive agreement to acquire UBS’s O’Connor alternatives investment platform, which includes hedge funds, private credit and commodities, with approximately $11 billion in invested assets. This acquisition will significantly bolster Cantor Fitzgerald’s Asset Management (“CFAM”) capabilities and supports the Company’s broader growth efforts across its core businesses, including Cantor, its premier global investment bank.

Upon closing, the investment and support teams will move to Cantor Fitzgerald, and O’Connor will operate as a distinct alternatives business within CFAM. O’Connor will report to William (“Bill”) Ferri, Global Head of CFAM, who was a 25-year veteran of UBS and founding member of its O’Connor business. As part of the agreement, CFAM and UBS AM will establish a long-term commercial arrangement. O’Connor capabilities will continue to be offered to UBS Global Wealth Management clients, subject to customary due diligence and monitoring, as well as to institutional and high net worth clients globally.

“The acquisition of O’Connor is transformational for our asset management business and demonstrates our commitment to investing in attractive growth businesses,” said Brandon Lutnick, Chairman of Cantor Fitzgerald. “With our leadership team’s deep familiarity with O’Connor, we are well-positioned to build upon the business’s strong foundation and drive its next phase of growth.”

“We see this as a high-conviction investment in our future—a bold step forward as we expand our reach and double down on delivering meaningful impact and services to our clients,” said Kyle Lutnick, Executive Vice Chairman of Cantor Fitzgerald.

“Acquiring the O’Connor business is a transformative opportunity for CFAM to deliver world-class hedge fund, private credit, and commodities investments to clients globally,” said Bill Ferri, Head of Cantor Fitzgerald Asset Management. “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.”

UBS O’Connor is a leading alternatives platform with a storied brand and more than 25 years of institutional trading experience, managing assets for institutional and ultra-high-net-worth clients. Specializing in hedge fund, private credit, and commodities strategies, O’Connor emphasizes relative value investing and risk management.

“Our priority has been to select a buyer with complementary capabilities, culture and leadership team,” said Aleksandar Ivanovic, President UBS Asset Management. “We believe that Cantor Fitzgerald is strongly placed to take the O’Connor business forward.”

“This marks a pivotal new chapter for our business,” said Blake Hiltabrand, Global Head of O’Connor. “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.”

The initial close of the transaction is expected during the fourth quarter of 2025, subject to regulatory approvals and other customary closing conditions. Cantor Fitzgerald and UBS will work closely together to ensure a seamless transition for O’Connor professionals and clients.

About Cantor Fitzgerald, L.P.

Cantor Fitzgerald, with approximately 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.

About 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.

For more information, visit: www.cantorassetmanagement.com.

About 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. www.ubs.com/assetmanagement.

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