Mergers & Acquisitions / Joint Ventures

Cantor absorbs Cadogan under its wing

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Cantor Fitzgerald, a 65-year-old global financial services firm, has expanded its asset management business with an agreement to take over the management of certain funds managed by 17-year-old Cadogan Management.

The New York-based firm founded by Stuart Leaf was independent until it merged with Fortis Investment Management, a move that left it weakened with legacy ABN Amro assets after the group eventually de-merged in what was then a turbulent market.

The deal allows Cantor Fitzgerald’s asset management arm, Cantor Fitzgerald Investment Advisors, to become the new manager of certain Cadogan Management funds, including the registered Cadogan Opportunistic Alternatives