UBS reportedly in talks to sell hedge fund O’Connor
Select your language
Generated with artificial intelligence.
Listening:
UBS reportedly in talks to sell hedge fund O’Connor
UBS is in talks to sell O'Connor, one of its hedge fund units (high-risk funds), to the US firm Cantor Fitzgerald, according to Bloomberg, citing people involved in the project.
+Get the most important news from Switzerland in your inbox
The news agency reported that the move would be part of an approach by the Swiss bank to reduce the risks on its balance sheet, particularly in view of possible stricter capital requirements.
+ Read about the fight between UBS and Swiss regulators
Contacted by Bloomberg, neither UBS nor Cantor Fitzgerald would take a position on the issue.
O’Connor joined UBS more than 30 years ago. In 1992, the bank acquired Chicago-based O’Connor & Associates, which specialised in derivative products.
Translated from Italian by DeepL/ts
How we work
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
Did you find this explanation helpful? Please fill out the short survey below to help us understand your needs.
External Content
Don’t miss your chance to make a difference! Take our survey and share your thoughts.
More
Why Switzerland is among the ten fastest-warming countries in the world
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Suicides in Switzerland quadruple among older people
More
French gangs target luxury cars in Switzerland
More
Renewed controversy in Switzerland over US fighter jets – explained
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.