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  2. Anshu Jain joins Cantor Fitzgerald

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    Cantor Fitzgerald today (January 2nd 2017) announced that Anshu Jain has joined the Firm as President. Working with Howard W Lutnick, Chairman and Chief Executive Officer of CFLP, Mr. Jain will build on Cantor Fitzgerald’s strong client-focused business foundation and drive the Firm’s momentum as it enters the next phase of growth.
    Mr. Jain is the former Co-Chief Executive Officer of Deutsche Bank and has been a leader in the financial services industry for over three decades.

    Mr. Lutnick commented: “I am excited to welcome Anshu as President of Cantor Fitzgerald, L.P. Anshu is a world-class leader in the financial services industry. With this outstanding addition, we expect to improve our already exceptional service to clients, extend and expand the products and services we offer, and increase the capital available to assist clients. Anshu has a proven track record as a pioneer and builder of leading global businesses. He has a deep understanding of the global capital markets, and strong expertise built over decades of leadership in the industry, making Anshu my ideal partner to drive growth during the next era of Cantor’s development. We expect to leverage Anshu’s global outlook, unrivalled experience, and deep network to further grow our Firm.”

    Shawn Matthews will remain the President and Chief Executive Officer of Cantor Fitzgerald & Co., the Firm’s broker-dealer subsidiary.

    Mr. Jain added: “I have long admired Howard’s extraordinary leadership and successful efforts as he and his team rebuilt and expanded the Firm after 9/11. From the end of 2001 through now, CFLP has grown dramatically from several hundred employees and partners to over 10,000 globally across financial services and real estate. Cantor’s unwavering determination to succeed despite past adversity, along with its fiercely loyal client base, and unique global position, are what attracted me to this great Firm.

    “As a leading non-bank financial institution, with cutting-edge technology and a global reach, Cantor is well-positioned to capitalize on the changing financial landscape for the benefit of its clients. Cantor has expanded dramatically over the past 15 years, and I am excited to join Howard and the partners of Cantor Fitzgerald as we set course for the next era of the Firm’s growth.”

  7. Stocks Inch Closer to Record High, Supported by Oil Prices

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    The S&P 500 crept closer to its record high Tuesday, lifted by oil’s return to $50 a barrel and renewed confidence that U.S. interest rates will stay low.

    The gains briefly boosted the Dow industrials above 18000 for the first time in more than a month and the S&P 500 closed within 0.9% of its record, spurred by energy shares that have climbed with the price of oil in recent months.

    Crude oil extended gains as the dollar weakened and production outages curbed supply. U.S. crude rose 1.3% to $ 50.36 a barrel, settling above $50 for the first time since July. Prices have nearly doubled since hitting 13-year lows earlier in 2016 as companies have cut spending on new drilling and unplanned outages in Nigeria and Canada helped shrink the global oil glut.

    U.S. crude production fell by 250,000 barrels a day in May from April, the largest one-month decline in years, the Energy Information Administration said Tuesday in its short-term energy outlook.

    Energy shares in the S&P 500 added 2.1%. EOG Resources climbed $4.15, or 5.1% to $85.42 and Concho Resources gained 5.75, or 4.8%, to 126.26. Chevron and Exxon Mobil were among the biggest gainers in the Dow industrials.

    The energy sector’s earnings have declined for six consecutive quarters year-over-year, according to FactSet, so oil’s price gains could brighten the outlook for some of those companies. Energy shares in the S&P 500 have rallied 11% in the past three months.

    “Oil has continued to strengthen, giving people comfort that at some point we can see a recovery in S&P 500 earnings,” said Doug Foreman, chief investment officer at Kayne Anderson Rudnick Investment Management.

    “Areas like energy, industrial materials and a lot of commodities — which had been decimated — are coming out of a depression, and that change alone is very, very positive for the overall marketplace,” he said.

    U.S. government bond yields fell as concerns about rising rates faded. The yield on the benchmark 10-year Treasury note was 1.713% compared with 1.723% Monday. Yields fall as bond prices rise.

    Many investors drew reassurance from a speech by U.S.Federal Reserve Chairwoman Janet Yellen on Monday, in which she said Fed officials expect the economy to improve but won’t raise interest rates until new uncertainties about the economic outlook are resolved.

    “We think they’re going to move very, very slowly,” said Monica Defend, head of global asset allocation research at Pioneer Investments.

    Friday’s weaker-than-expected jobs report sharply reduced expectations for a rate rise at the Fed’s June and July meetings.

    The WSJ Dollar Index, which measures the dollar against a basket of 16 currencies, fell 0.4%. The dollar tends to benefit from higher interest rates.

    “Every data point is really being dissected,” said Chris Dyer, director of global equity at Eaton Vance. “Consumer strength has been a real engine of growth in the U.S. economy, and this [jobs report] raises a little bit of a red flag,” he said.

    The Stoxx Europe 600 rose 1.1%, led by energy companies.
    Japan’s Nikkei Stock Average added 0.6%, while Hong Kong’s Hang Seng Index gained 1.4%.

  8. Cantor to launch prime services in Europe next year

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    December 15, 2011, Financial News[br] [br] Cantor Fitzgerald intends to extend prime services into Europe next year following its successful launch of a US prime brokerage and clearing business in 2009. [br]  Noel Kimmel, global head of prime services at Cantor, said: “We would like to provide the same services to Europe clients as we do in the US and also support our US clients as they increase trading in the region.”

    Kimmel joined the company in 2009 to build the business. He had previously worked at JP Morgan as North American head of sales and marketing for fixed income prime brokerage. Before JP Morgan, Kimmel had been a senior managing director at Bear Stearns where he co-headed fixed income prime brokerage.

    Cantor has developed its own technology platform for the business, which has 32 staff and was boosted when the nine-strong management team of prime broker PCS Dunbar Securities joined Cantor in February 2011. Further growth is expected in both the wwwuct range and staff numbers as it launches in Europe.

    [br]Kimmel said Cantor Fitzgerald wanted to build a full service effort across asset classes targeting middle market client with funds of between $25m and $1bn. Cantor’s strategy is to win the role of the number one or two prime broker to those clients, rather than competing against the bulge bracket for the largest hedge funds or becoming a fund’s third or fourth prime broker.

    [br]According to Kimmel, the number of middle market hedge funds is growing as traders leave banks to launch their own firms and funds shrink as the result of client outflows.

    [br]Cantor Fitzgerald has more than 100 prime services clients but does not disclose assets under management. Kimmel said: “We are profitable and have been thrilled at the growth.”

    [br]He added that prime services had been able to benefit from the expansion of Cantor Fitzgerald’s investment banking business. In total, Cantor Fitzgerald has hired more than 200 people since the start of this year, increasing staff numbers by 20%.

    [br] Prime services can be capital intensive, but Cantor has the advantage not to face increased regulation and capital requirements due to hit rivals that are bank holding companies. [br] Kimmel said: “We are cautious and conservative in using our balance sheet and can protect the firm while achieving a high return. In general hedge funds are also less leveraged.” [br]  

  9. Cantor Fitzgerald Investment Advisors To Manage Cadogan Management Fund Of Hedge Funds

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    New York, NY – December, 12 2011 – Cantor Fitzgerald, L.P. (“Cantor”) a leading global financial services firm, and Cadogan Management, L.P. (“Cadogan”) today announced that the Boards of Directors of certain Cadogan-managed investment vehicles have approved investment management agreements under which Cantor Fitzgerald Investment Advisors (CFIA) has been or is expected to be engaged as new manager of the funds.  Certain members of Cadogan’s investment and client service team have joined Cantor.[br] [br] Reflective of Cantor Fitzgerald’s continuing growth, the transaction further broadens the scope of capabilities and services Cantor offers clients.  Cantor has expanded its headcount this year by more than 200 professionals, notably in such areas as credit trading, leveraged loans and fixed- income sales. Focused on a cross-market capital structure strategy, Cantor intends to continue to grow its fixed income and equity capital markets and investment banking businesses in 2012. [br] [br] “As many financial firms struggle in this volatile market environment, Cantor is making great strides across a broad range of businesses. We are committed to being a leading provider in the alternative asset management and advisory space,“ said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. “Cadogan has earned a well-deserved reputation, and we look forward to building out a full alternative investment capability to service institutions and high net worth investors around the globe, while furthering our position in the marketplace through our deep global infrastructure.”[br] [br] CFIA will continue to provide a highly customized approach for investors ranging from new portfolio construction in the multi-manager space, to providing analysis of illiquid assets or partnership interests and executing its liquidation. [br] [br] About Cantor Fitzgerald[br] [br] Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 65 years. Cantor is continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing.  Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce, and other ventures. Cantor Fitzgerald & Co. is one of 21 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York.  Cantor Fitzgerald’s 1,400 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 aws-dev1.cantor.com.[br] [br] Note to Editors: Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.[br] [br] Contact                                              [br] Sandra Lee[br] Cantor Fitzgerald[br] 212 610-2297[br] slee@cantor.com

  10. Cantor Fitzgerald & Co. Strengthens Its Global Footprint In Healthcare Investment Banking And Equity Research

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    Firm Appoints Veteran Banker Geoffrey Harris as Co-Head of Healthcare Investment Banking; Hires Four Additional Bankers and Five Equity Research Analysts[br] [br] New York, NY – November 10, 2011 – Cantor Fitzgerald & Co., a leading global financial services firm, today announced its continuing global expansion in investment banking and equity research businesses with a series of senior appointments including Geoffrey Harris as Co-Head of Cantor’s Healthcare Investment Banking Group. Mr. Harris, formerly of Gleacher & Co., will report to Steven Kantor, Executive Managing Director and Global Head of Investment Banking, and will co-head the Healthcare Group with Robert Dentice. In addition, Cantor announced several other key hires, including four bankers and five equity research analysts.[br] [br] The healthcare sector is a core focus area for Cantor. Cantor’s investment banking provides a full range of capital raising and advisory services to its clients including public and private debt and equity capital markets, leveraged and asset-backed finance, as well as mergers and acquisitions and restructuring advisory. With the additions to the equity research team, Cantor will provide coverage of several healthcare sectors including specialty pharmaceuticals, biotechnology, life science tools, medical technology and diagnostics, as well as healthcare services including payors and providers.[br] [br] Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. said, “These appointments demonstrate our efforts to aggressively expand our investment banking and research platforms throughout key markets around the world and underscore our unrivalled ability to attract top talent in a volatile marketplace. We have tremendous opportunity to capitalize on current market conditions by continuing to provide first-class financial solutions to our clients across these businesses. [br] [br] “Geoff’s significant experience in investment banking in the healthcare sector will be immensely important to the firm as we capitalize on strategic opportunities in the coming year,” said Mr. Kantor. “Geoff and the members of the banking and research team are great additions to Cantor and reflect our ongoing commitment to expand our global healthcare footprint.”[br] [br] Mr. Harris said, “This is an exciting time to be joining Cantor as Co-Head of Healthcare Investment Banking along with Bob Dentice. We’ve seen a significant spike during the third quarter in venture capital funding and M&A activity which underscores the substantial opportunity in the healthcare space. With this expanded team, I look forward to helping to capitalize on these opportunities and driving the continued success of the group.”[br] [br] “The addition of Geoff and his banking team is a strategic step in furthering the success of Cantor’s healthcare banking effort,” said Mr. Dentice. “I am delighted to work with these talented bankers and look forward to the continued growth of our group.”[br] [br] Mr. Harris most recently served as Managing Director at Gleacher & Co. where he focused on the healthcare industry assisting companies with capital raising and M&A. Prior to Gleacher & Co., Mr. Harris was a Managing Director and Portfolio Manager at Jefferies Asset Management and at Sirios Capital Management. Earlier, Mr. Harris was the Global Head of Healthcare Research at UBS Warburg. Mr. Harris holds a BA in Economics from Oberlin College and an MS in Management from the Sloane School of Management at MIT.[br] [br] HEALTHCARE INVESTMENT BANKERS[br] [br] David Reed joins Cantor Fitzgerald from Gleacher & Co., where he served as a Managing Director focusing on M&A in the healthcare sector. Prior to Gleacher & Co., Mr. Reed was a Managing Director at Robertson Stephens as well as PaineWebber where he served as Group Head of M&A. He holds a BA in Economics from Princeton and an MBA from Columbia University.[br] [br] Veet Misra joins Cantor from Houlihan Lokey Howard & Zukin, where he served as a Vice President in Life Sciences Investment Banking. Prior to that, Dr. Misra was a Vice President in Healthcare Investment Banking at RBC Capital Markets. He holds a BS in Microbiology and[br] Immunology from Dalhousie University, an MBA from York University’s Schulich School of Business, and a PhD in Molecular Biology from the University of Toronto.[br] [br] Angus Smith joins Cantor from Gleacher & Co., where he served as a Vice President in the Healthcare Investment Banking Group. He holds a BA in Mathematical Economics from Colgate University.[br] [br] Carl Balouzian joins Cantor from Gleacher & Co., where he was an Associate in the Investment Banking group. He holds a BA in Economics from Colgate University.[br] [br] HEALTHCARE EQUITY RESEARCH ANALYSTS[br] [br] Joseph France joins Cantor from Gleacher & Co., where he served as a Managing Director covering the healthcare services and managed care sectors. Mr. France has more than 20 years of experience covering hospitals, managed care and related services and has been recognized by Institutional Investor 13 times during his career. Previously, Mr. France held senior positions at Smith Barney, Credit Suisse First Boston, and Bank of America Securities. At Cantor, Mr. France will cover the Healthcare Services sector. Mr. France holds a BS in Pharmacy and an MBA from the University of Kansas.[br] [br] Sung Ji Nam joins Cantor from Gleacher & Co. where she was a Senior Analyst covering the Life Science Tools sector. Prior to Gleacher & Co., she worked for an equity research team at J.P. Morgan covering Life Science Tools, Diagnostics, Contract Research Organizations, and Small to Mid-cap Medical Devices. At Cantor, Ms. Nam will cover the Life Science Tools and Diagnostics sectors. Ms. Nam holds a BA in Chemistry and an MBA from Harvard.[br] [br] Jeremy Feffer joins Cantor from Gleacher & Co. where he was an Equity Research Associate focused on the Medical Devices and Medical Diagnostics sectors. At Cantor, Mr. Feffer will cover the Medical Devices sector. Mr. Feffer holds a BA in Economics and Political Science from the University of Chicago and an MBA from New York University.[br] [br] Irina Rivkind joins Cantor from Duncan-Williams where she was a Senior Research Analyst responsible for the Specialty Pharmaceutical sector. Previously, Ms. Rivkind covered the Specialty and Large Cap Pharmaceutical sectors as an associate at UBS. She has a decade of industry experience, including positions with Forest Laboratories and Ajinomoto Pharmaceuticals. At Cantor, Ms. Rivkind will cover the Specialty Pharmaceutical sector. Ms. Rivkind holds a BA in Biology from Cornell University, an MS in Epidemiology and Preventive Medicine from the University of Maryland, and an MBA from New York University.[br] [br] Mara Goldstein joins Cantor from Thomson Reuters where she served as Director of Research for Reuters Insight. Ms. Goldstein was initially responsible for the firm’s healthcare research practice and later assumed responsibility for all research activities and sectors. Prior to that, Ms. Goldstein was an Executive Director and Senior Pharmaceutical Analyst at CIBC World Markets. At Cantor, Ms. Goldstein will cover the Biotechnology sector. Ms. Goldstein also worked at Alex Brown & Sons and CS First Boston. She holds a BS in Economics from Purdue University.[br] [br] About Cantor Fitzgerald [br] [br] Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 65 years. Cantor is continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing. Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce, and other ventures. Cantor Fitzgerald & Co. is one of 21 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald’s 1,400 employees serve clients through 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit[br] aws-dev1.cantor.com.[br] [br] Note to Editors: Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.[br] [br] Contact[br] Sandra Lee[br] Cantor Fitzgerald[br] 212 610-2297[br] slee@cantor.com

  11. Cantor Fitzgerald & Co. Adds To Its Credit Fixed Income Team

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    Firm Appoints Industry Veteran David Pichler as Co-Head of Credit; Adds Two Key Hires to the Group

    [br] [br] New York, NY – November 3, 2011 – Cantor Fitzgerald & Co., a leading global financial services firm, has further strengthened its credit markets team with the hiring of David Pichler as Co-Head of Credit Fixed Income.  Mr. Pichler, formerly of Gleacher & Co., will serve as Co-Head with Adam Vengrow.  In this role, Mr. Pichler will be jointly responsible for Cantor’s credit fixed income department, comprised of sales, trading and desk analytics. [br] [br] Cantor also announced other key hires, including Managing Director Ron Adzima and Managing Director Terran Miller. These new members of the credit team represent a collective wealth of market knowledge and insight, and share the firm’s unwavering dedication to building a first class credit team. With an increasing number of new recruits, Cantor is firmly committed to expanding its presence in the secondary corporate bonds sector.   [br] [br] In announcing the appointment, Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co., said, “David and the credit team are a prime example of the talent that Cantor is attracting as a result of our global presence, superb distribution capabilities, and strong client commitment. As we continue to aggressively build out our capacity in the fixed income business, these seasoned professionals will help deepen our sales force, strengthen our customer relationships and further our growth in the credit business.” [br] [br] “I am thrilled to join Cantor and look forward to helping our customers navigate the turbulent market and to work with Adam and our team to further build out our franchise,” said Mr. Pichler.[br] [br] Prior to joining Cantor Fitzgerald, Mr. Pichler served as Co-Head of Gleacher & Co.’s investment grade and hybrid business. Previously, he ran U.S. Credit Trading at RBC and also served as Co-Head of Global Credit at Citigroup. He received a B.A. in Economics from Dartmouth College. [br] [br] Mr. Adzima is Managing Director within Credit Trading, focused on Hybrid, Preferred and Tier 1 parts of the Capital Structure. Previously, Mr. Adzima was Managing Director & Co-Head of Credit Trading at Citadel Securities. Earlier, he worked in the credit business at Salomon Smith Barney. He holds a B.A. in Finance from Rutgers University.[br] [br] Mr. Miller joins Cantor as Managing Director covering the utility space from investment grade through distressed. Previously, he served as Managing Director at Knight Capital Americas where he provided analytical coverage of industry-wide topics. Earlier, Mr. Miller served as Executive Director at UBS Global Credit Strategies and UBS Investment Bank. He holds a B.S. in Business Administration from Georgetown University.[br] [br] About Cantor Fitzgerald[br] Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 65 years. Cantor is continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing.  Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce and other ventures. Cantor Fitzgerald & Co. is one of 21 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York.  Cantor Fitzgerald’s 1,400 employees serve clients through 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East.  For more information please visit aws-dev1.cantor.com.[br] [br] Contact[br] [br] Sandra Lee[br] Cantor Fitzgerald[br] 212 610-2297[br] slee@cantor.com [br]  

  12. Cantor Fitzgerald & Co. Promotes Natasha Boyden To Director of U.S. Equity Research

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    New York, NY – October 11, 2011 – Cantor Fitzgerald & Co., a leading global financial services firm, announced today that Natasha Boyden, Senior Managing Director and Senior Research Analyst, has been named Director of U.S. Equity Research. Ms. Boyden was ranked as the #1 Oil, Gas and Consumable Fuels Analyst in 2010 by Starmine/Financial Times for her work in Oil Tankers as well as in the top three for Marine Transportation.[br] [br] In this role, Ms. Boyden will help drive the expansion of the equity research wwwuct to a broader audience within the institutional community. Her appointment further strengthens Cantor’s growing U.S. Equities Research Group which focuses on providing the firm’s institutional clients with top‐quality equity research on small and mid‐cap companies.[br] [br] “Natasha is a seasoned analyst whose impressive track record has been recognized by her peers and in industry surveys. I am delighted to announce Natasha’s promotion as her expertise, proven track record, and breadth of knowledge provide further depth and breadth to Cantor’s research,” said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co.[br] [br] Mr. Matthews added, “We are committed to building out our firm’s research capabilities in order to provide our institutional clients with an even broader array of high‐quality, independent research wwwucts and services regarding important strategic sectors in the economy.”[br] [br] “Cantor has a tremendous institutional trading and distribution platform and is well‐positioned to provide high‐quality research to our growing institutional clientele,” said Ms. Boyden. “Cantor’s commitment reflects the firm’s emphasis in continuing to develop a premier Research Group, and I am excited to help lead the effort in building a vital presence in the equity research space.”[br] [br] Ms. Boyden has served as a Senior Managing Director and Senior Research Analyst covering energy and marine transportation since joining Cantor Fitzgerald in 2005. Previously, Ms. Boyden served as Sidoti & Company’s transportation equity research analyst where she focused on domestic and international shipping and railroads. Ms. Boyden began her career in investment banking at Donaldson, Lufkin & Jenrette. She graduated from the University of Bristol with a Bachelor of Arts degree in Economic and Social History.[br] [br] About Cantor Fitzgerald[br] [br] Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 65 years. Cantor is continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing. Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e‐commerce, insurance and other ventures. 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 1,400 employees serve clients through 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit aws-dev1.cantor.com.[br] [br] Note to Editors Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.[br] [br] Contact[br] Sandra Lee [br] Cantor Fitzgerald [br] 212 610‐2297[br] slee@cantor.com