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Opalesque Industry Update - Lyxor Asset Management has entered into an agreement with SEB, a Nordic Financial Services group, to launch a multi-manager strategy. The strategy is a dedicated Multi-Manager UCITS vehicle, offering daily liquidity and aims to provide a transparent and efficient structure to investors, well-suited to navigate the current uncertain market context. SEB will act as investment advisor, while Lyxor will manage the investment strategy that will be available to SEB’s institutional and private investor base. The Strategy’s innovative format is a simple and cost-efficient solution for investors looking to alternative strategies for diversification and enhanced performance with limited market correlation. The Multi-Manager structure offers a dedicated selection of global alternative strategies via a single investment, with the security benefits of a UCITS strategy. Set-up as a Lyxor managed account, the initial portfolio is made up of 5 complementary, daily liquid strategies - long/short equity, global macro, equity market neutral, event driven, and CTA - each customized exclusively for this program and operating as an individually managed sub-account (or “sleeve”) of the main portfolio. This means a very cost-efficient vehicle, with investors able to access a diversified range of hedge fund strategies with one single fee. The line-up of managers will be extended as the Strategy grows over time to a target portfolio of 10 to 12 strategies. Eric Hoh, Head of Liquid Alternative Solutions at SEB, commented: “Structural market changes, namely low fixed income yields, equity volatility and rising correlation between equities and bonds are pushing investors towards greater use of alternative strategies for diversification and uncorrelated returns. Lyxor and SEB’s combined expertise in hedge fund manager selection, fund structuring, operational due diligence as well as counterparty risk has enabled us to offer a liquid solution in a transparent way”. Jean-Marc Stenger, Head of Investment Partners at Lyxor added: “We’re very excited to launch this innovative investment solution with SEB. Its unique format is a game-changer for the hedge fund industry. Its liquid and regulated set-up suits not only institutional investors, but it is also particularly attractive to private banking investors and retail clients to get an efficient exposure to alternative investments”. Lyxor Asset Management Group was founded in 1998 and is composed of two fully-owned subsidiaries(1)(2) of Societe Generale Group. It counts 600 professionals worldwide managing and advising $130.7bn of assets. Lyxor Group offers customized investment management solutions based on its expertise in ETFs & Indexing, Active Investment Strategies and Multi-Management. Driven by acknowledged research, advanced risk-management and a passion for client satisfaction, Lyxor's investment specialists strive to deliver sustainable performance across all asset classes. |
Industry Updates
Lyxor partners with SEB to launch innovative daily multi-manager UCITS Strategy
Friday, May 20, 2016
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