Cantor Fitzgerald completes auction of Bear assets

NEW YORK (Reuters) - Bond broker Cantor Fitzgerald LP said it completed a "successful auction" of assets from Bear Stearns Cos. Inc. BSC.N, a company spokesman said on Friday.

Bear Stearns on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages. For details, click on ID:nN22483393

"We had a successful auction," said Cantor Fitzgerald spokesman Robert Hubbell, who didn't immediately have a figure on how much was sold. "We have no exposure to the Bear Stearns hedge fund. We have not lost a penny."