Cantor Weighed Tariff Trades for Hedge Funds But Shut Them Down

Cantor Fitzgerald LP had internal discussions about facilitating trades for hedge funds based on the outcome of legal challenges to Trump administration tariffs, but shut down the idea before executing any transactions, according to people familiar with the matter.

The New York brokerage and investment bank was run for three decades by US Commerce Secretary Howard Lutnick, a key figure in the nation’s trade policy, and is now led by his son Brandon. The younger Lutnick was asked in a letter from Democratic Senators Elizabeth Warren and Ron Wyden released Thursday to disclose transactions or agreements the firm ...