UBS Group's Arm to Divest O'Connor Business to Cantor Fitzgerald

UBS Group AG’s (UBS) subsidiary, UBS Asset Management (Americas) LLC, has announced a definitive agreement to sell O’Connor, its hedge fund, private credit, and commodities business, to Cantor Fitzgerald as part of its ongoing strategy to streamline operations.The initial close of the transaction is expected during the fourth quarter of 2025, subject to regulatory approvals and other customary closing conditions.Details of UBS’s Divestiture DealThe sale includes six investment strategies with approximately ...