Cantor Fitzgerald Asset Management to Acquire Fintan Partners LLC
NEW YORK, March 3, 2014 /PRNewswire/ -- Cantor Fitzgerald Asset Management (CFAM), a subsidiary of Cantor Fitzgerald, L.P. providing investment and advisory solutions to global investors, today announced the acquisition of California-based Fintan Partners, LLC, a leading fixed income absolute return fund of hedge funds. Fintan, led by founder Alexander Klikoff, will become part of Cantor Fitzgerald Asset Management.
"This transaction is reflective of our objective to grow our asset management business and provide clients with exceptional investment opportunities under the Cantor umbrella," said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. "As we expand our position in the asset management space by adding the Fintan team, our customers will benefit enormously from the exceptional breadth of services we provide."
"We are thrilled to add Fintan Partners to our growing platform," said Dave Goldfarb, Global Head of CFAM. "Combining Cantor's capital markets expertise, unparalleled distribution network, and fixed income strength with Fintan's highly respected professionals and research capabilities significantly strengthens our asset management platform. We share a common investment approach and goal of providing exceptional service to clients, and are working hard to ensure a seamless transition and continued success of the Fintan Partners platform."
"We are excited to be partnering with an outstanding firm that investors know and trust," said Mr. Klikoff. "Continuity of the Fintan team was an important factor in our decision to join Cantor. We are maintaining our team and investment advisory philosophy while substantially deepening our resources and networks. Cantor's globally-recognized fixed income franchise provides unmatched visibility into global bond markets, magnifying our fixed income research capabilities and depth of knowledge for the benefit of Fintan's investors."
Cantor's asset management clients include institutional investors and high net worth clients globally. With the Fintan acquisition, assets under management and advisement approximate $3 billion across Cantor's platform.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent capital markets investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate financing and its global distribution platform. Cantor Fitzgerald & Co. is one of 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees serve clients through over 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit www.cantor.com.
About Fintan Partners
Fintan Partners is expert in creating and managing innovative absolute return hedge fund strategies. Senior Portfolio Manager Alex Klikoff managed all aspects of Stanford University's endowment portfolio allocated to hedge funds before founding Fintan in 2005. The firm specializes in hedge fund investing with a fixed income focus. Fintan's client base is predominantly institutional, consisting of pensions, insurance companies, non-profits, foundations and endowments, family offices, and high-net-worth individuals. For more information please visit www.fintanpartners.com.
SOURCE Cantor Fitzgerald, L.P.