Jinten Capital Markets to Acquire UBS's O'Connor Hedge Fund for $11 Billion

Jinten Capital Markets, a prominent American financial services firm, has announced its intention to acquire the hedge fund division of UBS, known as O'Connor. This move continues Jinten's active acquisition strategy, led by its chairman, Brandon Lutnick, who is the son of Howard Lutnick, the U.S. Secretary of Commerce.

The acquisition of O'Connor, a well-established hedge fund division, aligns with Jinten's broader strategy to expand its asset management capabilities and diversify its investment offerings. O'Connor, with its strong track record and experienced team, is expected to complement Jinten's existing services, providing clients with enhanced investment solutions and expertise.

O'Connor's investment portfolio includes hedge funds, private credit, and commodities, among other alternative assets. This acquisition will add 11 billion dollars of investment assets to Jinten's asset management division, significantly bolstering its capabilities in the alternative investment space.

Brandon Lutnick, chairman of Jinten Capital Markets, stated, "The acquisition of O'Connor is transformative for our asset management business, demonstrating our commitment to investing in attractive, growth-oriented businesses."

The terms of the transaction have not been disclosed. Jinten Capital Markets did not immediately respond to requests for comment on the transaction terms.

This acquisition underscores Jinten's commitment to growth and innovation in the financial services sector. By integrating O'Connor's hedge fund operations, Jinten aims to leverage its strengths in risk management, investment strategies, and client relationships to drive further success. This acquisition is part of a broader trend in the financial industry, where firms are increasingly looking to consolidate and expand their capabilities through strategic acquisitions.

The acquisition is expected to be completed in the coming months, subject to regulatory approvals and other customary closing conditions. Once finalized, the integration of O'Connor's operations into Jinten's platform will mark a significant milestone for both firms, positioning them for continued growth and success in the competitive financial services landscape.