Cantor Fitzgerald to Acquire UBS’s O’Connor Alts Platform, Adding $11B in AUM 

Cantor Fitzgerald has agreed to acquire UBS’s O’Connor alternatives investment platform, a move that will add approximately $11 billion in assets to its asset management division. The acquisition encompasses O’Connor’s six investment strategies, including hedge funds, private credit, and commodities. 

Upon completion, O’Connor will operate as a distinct alternatives business within Cantor Fitzgerald Asset Management (CFAM), reporting to William “Bill” Ferri, Global Head of CFAM and a founding member of O’Connor. The investment and support teams from O’Connor will transition to Cantor Fitzgerald, ensuring continuity for clients. 

Brandon Lutnick, Chair of Cantor Fitzgerald, described the acquisition as “transformational,” emphasizing the firm’s familiarity with O’Connor and its potential for growth. Kyle Lutnick, Executive VC, called it a “high-conviction investment” to broaden client services. 

The firm plans to maintain a long-term commercial arrangement with UBS Asset Management, allowing O’Connor’s capabilities to continue serving UBS Global Wealth Management clients, subject to due diligence and monitoring. 

UBS’s decision to divest O’Connor is part of its broader strategy to streamline operations and reduce balance sheet risks, especially in light of proposed regulatory capital requirements that could necessitate up to $25 billion in additional capital. 

Founded in 1977, O’Connor has a storied history in the alternatives investment space, known for its expertise in relative value investing and risk management. The firm’s integration into Cantor Fitzgerald marks a significant expansion of CFAM’s offerings in the alternatives sector.  

The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions. Financial terms of the deal were not disclosed.