UBS reportedly in talks to sell hedge fund O’Connor
UBS is reportedly in talks to sell O'Connor hedge fund units
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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.
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Italiano
it
UBS sarebbe in trattativa per vendere unità hedge fund O’Connor
Original
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.
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
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