Lyxor has announced a partnership with Corsair Capital Management LP (Corsair) to launch the Lyxor/Corsair Capital Fund.
This fund, which is Ucits-compliant, runs a US long/short equity strategy. It is the first fund with daily liquidity Lyxor introduces within its alternative Ucits offering.
The Lyxor/Corsair Capital Fund aims to capture the performance of US equities with less risk, by preserving capital in down markets and using no leverage.
The product is mainly invested in US mid-cap companies going through strategic and/or structural change, as those companies have little analyst coverage and a complicated financial story.
This information gap between market consensus and Corsair’s proprietary research creates opportunities and generates alpha.
Corsair is managed by Jay Petschek and Steve Major, who lead an experienced team of twelve. Lyxor highlighted that the strategy deployed by the firm in 1991 has outperformed the US equity markets over multiple market cycles with less risk.
The fund is available on Lyxor’s alternative Ucits platform in EUR, USD, JPY, CHF, GBP, SEK, and NOK.
With Corsair, Lyxor welcomes its sixth alternative manager on its Ucits platform.