Cantor Adds Hedge Fund of Funds To Product Mix

Jun 27 2007 | 2:58pm ET

Cantor Fitzgerald has formed GoldRock Asset Management, which will begin trading operations early in July and will initially manage several global fund-of-hedge-funds portfolios.

The new entity was formed from the integration of fund of funds shop Zenith Asset Management into Cantor Fitzgerald. GoldRock will be led by Mark Ostroff, president, who will report to Irvin Goldman, CEO of Cantor Fitzgerald Asset Management.

Ostroff has held senior positions at Goldman Sachs, Morgan Stanley, and Weiss, Peck & Greer. He also co-founded Graystone Partners, the hedge fund advisory firm, WealthPlace, the alternative asset management firm, and Zenith Asset Management.

“We’re excited that a professional with Mark’s background, knowledge and commitment to excellence has joined Cantor to lead this effort,” said Goldman. “We expect the initial GoldRock fund-of-funds portfolios to be the first of many product offerings.”

Cantor Fitzgerald’s current product line includes institutional equity and fixed income sales and trading, investment banking, private equity, asset management and other businesses and ventures.

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