Lyxor Asset Management, SEB Partner on New Multi-Manager UCITS Fund

May 20 2016 | 4:42pm ET

Lyxor Asset Management has formed a new multi-manager UCITS fund in tandem with Stockholm-based financial services company SEB.

The new fund reportedly combines five strategies into one product, according to an article in Citywire. Named the Lyxor SEB Multi-Strategy Fund, the vehicle provides exposure to long/short equity, global macro, equity market neutral, event driven and CTA strategies in a single wrapper.

The fund will eventually contain ten to twelve investment strategies, each of which will be managed as sub-account, or sleeve, of the main portfolio. SEB will act as investment advisor while Lyxor handles investment strategy for the new fund, which will initially be available to SEB’s institutional and private investor base in Sweden, Finland, Norway and Luxembourg and offer daily liquidity.

“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,” said Eric Hoh, head of liquid alternative solutions at SEB, in a statement.

“We’re very excited to launch this innovative investment solution with SEB,” added Jean-Marc Stenger, head of investment partners at Lyxor. “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.”

Founded in 1998 and comprised of two wholly owned subsidiaries of Societe Generale Group, Lyxor is home to a series of hedge fund industry index products, asset management services and research. The firm has expanded rapidly in the UCITS space, growing AUM in the strategies to $2 billion across eight funds by the end of last year. In total, Lyxor manages more than $125 billion in assets. 

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