Investcorp Nabs Lyxor Exec. To Lead U.S. Hedge Fund Unit

Oct 14 2013 | 10:27am ET

Investcorp Group has placed former Lyxor Asset Management chief investment officer Lionel Erdely at the helm of its U.S.-based hedge fund business.

Erdely was named head of hedge funds and chief investment officer of the unit. He is charged with leading its strategic direction and overseeing investment decisions on a day-to-day basis. He also joins the firm's management committee.

"Lionel's leadership and international investing experience, coupled with his demonstrated ability to successfully manage a large amount of capital through all economic cycles is an indispensable asset that will help guide the strategic direction of our hedge funds business," new boss Savio Tung, Investcorp's CEO for North America, said. "We look forward to the meaningful contributions he will make to our firm and our global investors."  

Erdely has served as Lyxor's CIO since 2004 and as CEO of Lyxor Inc. since 2009.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...