Significant chunks of Asian institutional money are flocking into the managed account platform of Lyxor Asset Management, a development that is prompting the firm to explore ways of building and developing more partnerships across the region.
Assets under management in the platform soared to almost $12 billion in mid-May, which means the platform has effectively rebounded back towards the record high it achieved before the global financial crisis. The size of Lyxor’s AUM shrank to $5 billion in 2008 but is now back again to pre-crisis peak of $12 billion.
European institutional investors still account for most of the $12 billion figure, but Lyxor has focused on bringing its investment solutions to Asia especially since it established an FSA-registered asset management subsidiary in Japan in 2007.
“We have been attracting mostly institutional money from...