Wednesday, 31 August 2016
Last updated 7 min ago
Mar 3 2014 | 12:58pm ET
Investment bank Cantor Fitzgerald has bought fund of hedge funds Fintan Partners.
Redwood City, Calif.-based Fintan invests in fixed-income hedge funds. The firm was founded in 2005 by Alexander Klikoff, a former hedge fund portfolio manager at Stanford University's endowment.
Terms of the deal were not disclosed. Cantor has been building its hedge fund business since 2011, and now has about $3 billion in assets under management and advisory.
"This transaction is reflective of our objective to grow our asset management business and provide clients with exceptional investment opportunities under the Cantor umbrella," Cantor CEO Shawn Matthews said.