Lyxor Asset Management Teams With Kingdon on New L/S UCITS Fund

Sep 15 2016 | 11:08pm ET

Lyxor Asset Management has launched a new UCITS-compliant global long/short equity fund in conjunction with Kingdon Capital.
 
The new fund, named the The Lyxor/Kingdon Global Long-Short Equity Fund, will allow investors to access an equity portfolio with various exposures across different geographies and sectors, according to Citywire. 
 
With the launch, Kingon becomes the tenth fund on Lyxor’s $2.4 billion Alternative UCITS platform and the first global long/short equity manager with daily liquidity. It was registered with the Central Bank of Ireland in late July.
 
“Approaching equity markets from the perspective of countries and industries is likely to gain importance in the years to come, and bringing an expert such as Kingdon to the UCITS space will certainly benefit investors,” commented Jean-Marc Stenger, head of investment partners at Lyxor, to Citywire. 
 
Based in New York and founded by Mark Kingdon, Kingdon manages more than $2 billion in global long/short strategies primarily focused on fundamental equity and credit opportunities. 
 
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 $2.4 billion across ten funds. In total, Lyxor managed more than $127 billion in assets as of June 30, 2016.

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