Lyxor AM Teams With Harmonic Capital Partners On New Global Macro Fund

Apr 6 2017 | 7:52pm ET

Lyxor Asset Management has joined forces with London-based hedge fund manager Harmonic Capital Partners to launch a new UCITS-compliant global macro fund.

The new fund, named The Lyxor/Harmonic Macro Fund, will allow investors to leverage investment opportunities created by the diverging paths of U.S. and European monetary policies and economic activity, the companies said in joint statement. 

It will be the first global macro strategy with daily liquidity on Lyxor’s Alternative UCITS Platform and will specialize in relative value spreads, trading multiple independent investment strategies across 36 markets and a broad set of asset classes, such as bonds, interest rates, currencies and equity indices. The strategies will be systematically implemented, the statement said, in order to provide consistency and discipline. 

The new fund, available in a range of currencies, is passported for sale in seven countries and becomes the twelfth fund on Lyxor’s $2.6 billion UCITS platform. The company added a credit fund in tandem with Wells Fargo on the platform last month and a global long/short fund in partnership with Sandler Capital Management in February. 

Harmonic was founded in 2002, manages more than $1.7 billion in global macro strategies for European and North American institutional clients. 

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. Lyxor managed €115.9 billion in assets and advisory as of February 28, 2017.

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