Lyxor AM takes over SGAM's alternative investment activities in US

Sun, 04/10/2009 - 10:28

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Societe Generale Asset Management has transferred control over SG Asset Management, its US based alternative asset management unit, to Lyxor Asset Management, a wholly-owned subsidiary of the Societe Generale group.

The transition was initiated in 2008 and is part of Societe Generale Group's global reorganisation of its asset management business.

The move enables Lyxor AM for the first time to conduct business in the US through a US-based registered investment adviser affiliate, named Lyxor Asset Management.

Lyxor AM specializes in alternative investments, structured and quantitative management. As a result of the transfer of assets, Lyxor AM now has assets under management of over USD100bn.