We have been designing and distributing innovative hedge fund solutions for more than 20 years, in partnership with the biggest names in the alternative investment industry to meet the investment objectives of our clients.
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Over the last two months, inflation has surged to levels unseen in decades.This spike had been expected by market participants, as it is mainly linked to base effects.
Recent patterns in financial markets such as the flattening of sovereign curves reflect deflationary expectations.
The second leg of the commodity rally, after the vaccine announcement, saw prices soar +30%, heterogeneously though. Cyclical commodities outperformed precious metals and agricultural. Furthermore, dispersion within each commodity group has been elevated while pairwise correlations were low.
With more than 20 years of experience, Lyxor Asset Management Inc. (“Lyxor Americas”) provides risk-managed, innovative alternative and hedge fund investment solutions designed to meet the needs of institutional investors. We have developed special expertise in hedge fund investing and are pioneers in the delivery and implementation of these investment solutions.
As a fiduciary, the Lyxor Americas team provides both advisory services and customized investment vehicles through our unique multi-manager platform and open architecture model. We also provide a range of additional investment solutions to institutional investors based in Canada and Latin America, including access to our alternative UCITS platform.
Lyxor Americas, whose predecessor organization was founded in 1999, is headquartered in New York and is a part of the Lyxor Group. Lyxor Group, a European asset manager with approximately $160 billion of assets under management across active and passive investment strategies, is a wholly-owned subsidiary of Societe Generale Group since 1998.
Lyxor Americas is registered as an investment advisor with the U.S. Securities and Exchange Commission.
Lyxor Americas is a fully outsourced partner to its clients through its suite of dedicated managed account and fiduciary services. Its managed account approach offers investors improved transparency, liquidity control, flexibility, and enhanced governance for hedge fund strategies. Lyxor Americas, in providing solutions to its clients, partners with many of the largest hedge fund managers in the world.
Lyxor Americas’ customized approach to structuring client investments includes access to unique, dedicated opportunities. We have a 20+ year history of pioneering new trends in asset management. As an industry leader, we offer a wide range of commingled and dedicated investments as well as advisory solutions. Our hedge fund offerings range from customized, multi-asset hedge fund portfolios to opportunistic investments.
Through our comprehensive alternative investment platform, we help investors diversify their portfolios by providing access to the largest and most prominent hedge fund managers in the world across a wide range of hedge fund strategies. Strategies available on our platform include long/short equities, CTAs, global macro, credit, event driven and risk arbitrage.
We have a history of building dedicated portfolios to better align investor needs with hedge fund strategies managed across multiple market cycles. These accounts are designed to capture the strategies with benefits to investors such as segregating investor assets and alleviating administrative and operational burdens.
Through its global footprint and longstanding hedge fund manager relationships, Lyxor Americas offers access to high-conviction investments outside of a manager’s main fund through the Select Opportunities Program. These can include unique investment opportunities due to market dislocations, special situations, regulatory issues, and risk mitigation strategies.
We offer both discretionary and non-discretionary options, which are designed to help clients choose and implement investment strategies in both their alternatives portfolios and overall portfolios. We have a long history of providing advisory and consulting investment management services across a wide range of clients.
Services include asset allocation studies, portfolio construction and monitoring, hedge fund manager research and selection, due diligence, program implementation recommendations, risk management, and performance review.
As part of our advisory capabilities, we also offer multi-asset investment solutions. These solutions provide diversification and risk management across asset classes and are offered in a commingled portfolio of hedge funds or in dedicated multi-asset hedge funds according to the size and requirements of the investor.
Workplace diversity is one of our key values. Creating and promoting a culture of diverse backgrounds contributes to the intellectual rigor present at our firm. Lyxor Americas values and remains committed to providing a diverse and inclusive work environment. Our mission is to recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our offering to deliver innovative solutions to our clients.
We provide our clients with expert service through multiple integrated teams, including investment research, due diligence, risk, portfolio management, structuring and business development.
Chief Investment Officer
Kunjal Shah joined Lyxor Americas in August 2014 as the Global Head of Hedge Fund Research. He was appointed as Chief Investment Officer in May 2020. Mr. Shah is responsible for supervising the Portfolio Management and Hedge Fund Research teams, as well as developing advisory investment offerings and customized hedge fund solutions. His global team of professionals specialize in a wide range of hedge fund strategies. Prior to joining the firm, Mr. Shah was employed by Arden Asset Management, where he was a Partner and Managing Director.
Head of Operational Due Diligence
Brynn Coursey Heegan joined Lyxor Americas’ predecessor firm in 2006 to lead the Operational Due Diligence team. As a member of the firm’s Manager Universe, Risk and Valuation Committees, Ms. Heegan retains independent veto rights on all hedge fund investments across the organization. She oversees a team of professionals each with over 20 years of experience in liquid alternative strategies. Ms. Heegan’s leadership has kept Lyxor’s team at the forefront of mitigating operational risks related to hedge fund investing. Ms. Heegan was selected as one of the Top 50 Leading Women in Hedge Funds in 2018.
Chief Operating Officer
Head of Products and Solutions
Jason Hubschman joined Lyxor Americas in March 2018 as Head of Product Development and Financial Engineering. Only six months later, he was promoted to Chief Operating Officer and Head of Products and Solutions. Mr. Hubschman is dually responsible for developing new product offerings and customized hedge fund solutions, while also overseeing the day to day operational functions for Lyxor Americas. He brings extensive experience in investment structuring, including serving as a Director in the Global Investment Solutions team at Deutsche Bank and Head of Product of the Quantitative Risk Solutions group at Deutsche Asset Management.
Chief Risk Officer
Steven Geovanis joined Lyxor Americas’ predecessor firm in 2007 as Chief Risk Officer. Mr. Geovanis and his team provide initial risk due diligence and ongoing monitoring of the Lyxor Americas’ fund activities in terms of positioning, performance and risk controls. He is also the Chair of the Lyxor America’s Risk Committee, which is charged with monitoring risk policies for the firm. Mr. Geovanis brings years of experience in risk management, including serving as a Partner and Head of Macro Trading at Citigroup's Tribeca Hedge Fund, Head of Market Risk for the Americas at HSBC, and founding Partner of Summit Capital.
General Counsel
Darren Edelstein joined Lyxor Americas in January 2015 and was subsequently promoted to General Counsel in 2017. Leveraging experience in the alternative funds industry from two prominent New York law firms, Mr. Edelstein oversees a team of lawyers with a diverse legal background. Primarily, he and his team are responsible for legal matters relating to the firm’s advisory offerings, fund structuring and operations activities. Throughout his career, Mr. Edelstein has participated on panels and continues to advise on topics relating to U.S. Securities Laws, legal and regulatory considerations for alternative fund managers, and developments in the institutional investment industry.
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