Cantor斥資收購UBS對沖基金單位,擴大另類投資版圖




美國券商Cantor Fitzgerald收購瑞銀對沖基金部門,擴展另類資產業務版圖

美國券商Cantor Fitzgerald於周三宣布,已同意收購瑞士銀行瑞銀(UBS)的對沖基金部門O’Connor,藉此加強Cantor在另類資產領域的產品供應,正值投資者對此類產品興趣日益濃厚之際。

對於瑞銀而言,出售O’Connor是其自2023年與瑞士信貸合併後,持續精簡業務的策略之一。O’Connor主要投資於另類資產,包括對沖基金、私募信貸及大宗商品。據Cantor及瑞銀的獨立聲明,該平台將為Cantor的資產管理部門帶來約110億美元的管理資產。

Cantor董事長布蘭登·盧特尼克(Brandon Lutnick)表示:「收購O’Connor對我們的資產管理業務具有變革性意義,並彰顯我們致力於投資具吸引力的成長業務。」他同時是前任老闆及現任美國商務部長霍華德·盧特尼克(Howard Lutnick)的兒子。

交易條款未有對外披露,Cantor發言人拒絕就細節作進一步評論。瑞銀則在聲明中指出,預期此次出售將帶來不重要的收益。

交易預計於第四季完成後,瑞銀資產管理部門與Cantor將建立長期商業合作安排,允許O’Connor的產品繼續供瑞銀財富管理客戶使用。

近年來,另類投資產品如私募信貸迅速增長,投資者尋求更高回報及投資組合多元化。金融機構亦積極擴充或補充此類產品線,促使另類資產平台成為交易熱點。

在過去兩年完成瑞士信貸業務整合後,瑞銀正等待瑞士政府公布旨在提升銀行業安全性的計劃,以避免類似瑞士信貸因多起醜聞而被迫接管的情況。預計下月公布的監管方案將要求瑞銀提高資本儲備,瑞銀高層表示這將令其在與外國競爭對手較量時面臨更大挑戰。

評論與啟示

這宗交易反映出金融機構對另類資產業務的高度重視,尤其在低利率環境下,投資者對多元化和高收益產品的需求持續上升。Cantor Fitzgerald透過收購O’Connor,不但快速擴充資產管理規模,也進一步深化在對沖基金和私募信貸的專業能力,為未來競爭鋪路。

另一方面,瑞銀持續剝離非核心業務,專注於整合合併後的業務架構和提升資本實力,顯示其在面對監管壓力和市場波動時的謹慎策略。瑞銀未來需平衡資本充足與業務擴張的矛盾,尤其在全球銀行業監管趨嚴的背景下,如何保持競爭力、同時確保風險控制,將是關鍵挑戰。

此外,雙方交易完成後仍保持長期合作,對客戶而言是一大利好,能夠持續享用高質素的另類投資產品,體現出金融集團間合作的新趨勢:即使完成所有權轉移,合作關係仍可繼續發揮互利效應。

總括而言,這宗收購案不單是資產管理行業的併購案例,更映射出全球金融市場對另類資產日益重視的趨勢,以及銀行在新監管環境下的業務調整策略。香港作為國際金融中心,也應密切關注此類動向,借鑑國際經驗,推動本地金融業的多元化發展和穩健增長。

以上文章由特價GPT API KEY所翻譯及撰寫。

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  "image_generation_request": {
    "prompt": "Ultra-realistic portrait of a man walking toward the camera on an airport runway at night He wears a white long-sleeve shirt with sleeves rolled up and dress pants, shoes. The camera is very close, capturing his face sharply - textures of skin, smoke from his lips, and subtle reflections of firelight in his eyes. Behind him, slightly out of focus, a commercial airplane is burning intensely, with huge flames, roaring firestorms, and thick black smoke rising high. The fiery glow casts dramatic orange highlights on his shirt and face, creating deep shadows and a gritty, cinematic mood. Wet runway reflects the blaze, enhancing the dramatic atmosphere.",
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      "facial_features": "Sharp focus, skin texture, firelight reflection in eyes"
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      "background": "Commercial airplane burning, intense fire, thick black smoke, out of focus",
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