Sunday, 25 January 2015
Last updated 1 day ago
Oct 7 2011 | 10:05am ET
Cantor Fitzgerald has jumped into the alternative investments secondary market with a new business brokering the sale of such stakes and other private securities.
The new unit, the Cantor private markets group, will offer clients the opportunity to buy and sell private equity and hedge fund interests, private company stock and private real estate investment trusts, among others. The new business will be run by Michael Guzman, who remains a member of Cantor's corporate and venture services group.
"Without question, Cantor is uniquely positioned to expand our already diverse offering within the private securities marketplace," Shawn Mattews, Cantor CEO, said. "With years of experience working with the institutional investment community, our traders are unparalleled in their ability to source and place securities on behalf of our customers, particularly in this challenging financing market. Providing a path to liquidity for private companies and shareholders underscores our commitment to continually serve the needs of our clients across all types of securities. We believe Cantor will benefit accordingly from our responsiveness to our clients' interest in this rapidly growing marketplace."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…