Lyxor Asset Management has partnered with New York alternative boutique Kingdon Capital Management to launch the Lyxor / Kingdon Global Long-Short Equity Fund.
The fund, currently passported into eight countries, is available on Lyxor’s alternative Ucits platform, of which Kingdon is the first global equity manager addition. Minimum subscription amount is $10,000 with share classes in EUR, USD, JPY, CHF, GBP, SEK, NOK and SGD.
It uses a combination of long and short investments and the fund’s market exposure is actively managed.
The Lyxor / Kingdon Global Long-Short Equity Fund seeks to achieve attractive risk-adjusted returns with lower volatility than equity markets.
Kingdon’s approach relies on top-down analysis determining overall sector and geographical exposures, while bottom-up research serves to select individual stocks.
The investment team is led by five sector heads, supported by 20 specialised analysts.
Jean-Marc Stenger, head of Investment Partners at Lyxor, commented: “We’re excited to launch Kingdon’s global long/short equity strategy on our Alternative UCITS platform.
“Approaching equity markets from the perspective of countries and industries is likely to gain importance in the years to come and bringing an expert such as Kingdon to the UCITS space will certainly benefit investors.”
Mark Kingdon, founder and CEO of Kingdon, added: “Partnering with Lyxor demonstrates our commitment to adapting to the changing regulatory environment by offering investors in different
jurisdictions access to one of our core alternative investment strategies.”
Established in 1983, Kingdon has over $2bn in fundamental equity and credit strategies.
Lyxor’s alternative Ucits platform now tallies 10 managers and weighs $2.4bn of assets.