Interdealer broker Cantor Fitzgerald and investment bank Keefe Bruyette and Woods are expanding into real estate to capitalize on distressed investments in the sector.
Cantor will launch a $300m (â¬195m) to $350m real estate opportunity fund later this year, targeting real estate assets that have deteriorated in value since the spike in defaults in the sub-prime mortgage market. The real estate unit will also focus on other parts of the real estate sector including development.
