Picard Joins Lyxor For Managed Accounts

Nov 19 2010 | 6:35am ET

Lyxor Asset Management has hired an alternative investments veteran to lead the growth of its managed accounts business.

Robert Picard was named U.S. head of managed account development, answering directly to Lyxor U.S. CEO Lionel Erdely. He is based in New York.

Picard joins Lyxor from Navigant Consulting, where he was a senior adviser on emerging hedge funds and financial institutions restructuring solutions. He is formerly chief investment officer and head of research at Optima Fund Management and was a managing director at the Carlyle Group.

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