Lyxor AM launches Lyxor/Canyon Credit Strategy Fund
Lyxor Asset Management has launched Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant vehicle designed to access Canyon Capital Advisors’ event-driven and credit-oriented strategies.
The fund is designed to provide diversified and differentiated exposure. It has the ability to invest in certain special situation securities such as, but not limited to, select liquidations, high yield and distressed corporate bonds, equities, convertibles and agency residential mortgage-backed securities as opportunities warrant
In many of the areas listed above, the buyer base is smaller and spreads are wider due to a combination of mandate restrictions, barriers to entry, and investment complexity
Canyon is an alternative asset manager with over USD21bn in assets under management, 235 employees, and offices across Los Angeles, New York, and London.
The fund will be available on Lyxor’s Alternative UCITS Platform in EUR, USD, GBP, as well as four other currencies upon investor request. Investors in the fund will also benefit from the weekly liquidity and independent risk management provided by Lyxor.