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Alternative Market Briefing

Cantor Fitzgerald Asset Management acquires Fintan Partners LLC

Tuesday, March 04, 2014

Bailey McCann, Opalesque New York:

Cantor Fitzgerald Asset Management (CFAM), a subsidiary of Cantor Fitzgerald, L.P is acquiring California-based Fintan Partners, LLC, a fixed income absolute return fund of hedge funds. Fintan is led by founder Alexander Klikoff and will become part of CFAM.

Cantor’s asset management clients include institutional investors and high net worth clients globally. With the Fintan acquisition, assets under management and advisement are approximately $3bn across Cantor’s platform. The specific terms of the transaction which closed in February were not disclosed.

Fintan will keep its name and largely the same operations that it had before the acquisition. Alex Klikoff, founder of Fintan Partners, told Opalesque - "We believe the combination of Fintan Partners with Cantor Fitzgerald substantially deepens our resources and broadens our range of expertise, while maintaining the continuity of our business, management, staff, and investment philosophy. Cantor is an expert in global fixed income trading and distribution, which we believe will enhance Fintan’s strength and capabilities as an alternative fixed income strategy specialist."

Cantor has been working through an expansion into alternatives including hedge funds, and real estate in addition to their more traditional offerings. This acquisition is the latest step in that process. According to an SEC filing, Fintan had $960m under management as of November 1, 2013. The firm has ......................

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