The hedge fund arm of Swiss bank UBS is launching a release later this year.
Crain’s Chicago Business reported that O’Connor plans to launch hedge fund unit Satori Investment Partners by October with about $250 million in assets under management. Led by four former O'Connor executives, the group is currently fundraising for the fund from investors.
Satori chief investment officer Rich Excell told the news outlet that the firm’s partners will pool their ideas for one fund, which will hold long and short positions in stocks traded globally.
O’Connor, which has been spawning hedge funds and trading firms for more than 10 years, currently manages approximately $5.7 billion in assets.