Cantor Takeover to Shrink O’Connor Footprint in Europe, Asia

Cantor Fitzgerald LP is shedding much of O’Connor’s presence outside of the US following its acquisition of the hedge fund from UBS Group AG, according to people familiar with the matter.

While O’Connor will continue to invest globally, the investment teams will be primarily based in the US with some individuals supporting them from other locations, the people said, asking not to be named discussing private information. As part of UBS, O’Connor had teams based in the US, Europe and Asia.