Mergers & Acquisitions / Joint Ventures

Lyxor opens door to domestic US managed account business


Lyxor Asset Management has officially opened its doors in the US. The move was triggered in September of last year by Lyxor's takeover of the alternative investment management activities of its affiliate Société Générale Asset Management (SGAM), which already had a presence stateside through its US-based, registered investment adviser affiliate. The long-only business of SGAM is now part of the Amundi brand.

The timing of the move could not have been more opportune as the post-Madoff world tries to find ways to offer investor comfort. Managed accounts, one of Lyxor's core competencies, offer the liquidity, transparency and control