Cantor Says Closing of UBS Hedge Fund Deal to Continue into 2026

Cantor Fitzgerald LP said it’s so far acquired two investment strategies and an alternative investment platform from UBS Group AG as part of its agreement to purchase the Swiss bank’s O’Connor hedge-fund unit.

Further investment funds and assets will continue to transfer in phases through the first quarter of next year, the New York-based investment bank said in a statement. The deal was announced in May.

The deal originally included O’Connor’s six investment strategies. But Cantor in recent months had sought to change the terms of its purchase as the O’Connor hedge-fund unit faced losses from the bankruptcy of ...