Is Lyxor for sale?
CEO Frederic Oudea is revamping SocGen’s markets business and exiting some areas after losses in structured products wiped out earnings at its equities business in the first half of last year. …
Who owns Lyxor International Asset Management?
Société Générale
Lyxor Asset Management/Parent organizations
Lyxor Asset Management Group (“the Lyxor group”), wholly-owned directly or indirectly by Societe Generale and composed notably of two subsidiaries (1) (2), is a European asset management specialist, an expert in all investment styles, active, passive or alternative.
Who is buying lyxor?
Amundi
On April 7, 2021, Amundi and Lyxor announced that Amundi is in exclusive talks with Société Générale to buy its asset management arm Lyxor for a total cash consideration of €825m. Following these negotiations, the deal was closed on June 11, 2021.
What does Lyxor do?
It is based on three recognised foundations: our quantitative research, which forms the basis of our risk management and is used to seek out new sources of performance for investors; our macroeconomic research offering in-depth understanding of the economic environment and its challenges; and our ETF research, which …
Is Ucits a mutual fund?
UCITS stands for Undertakings for the Collective Investment in Transferable Securities. This refers to a regulatory framework that allows for the sale of cross-Europe mutual funds. UCITS funds are perceived as safe and well-regulated investments and are popular among many investors looking to invest across Europe.
What is the 5 10 40 rule?
This has been enshrined in what is commonly known as the 5/10/40 rule which is that a UCITS may invest no more than 10% of its net assets in transferable securities or money market instruments issued by the same body, provided that the total value of transferable securities or money market instruments held in issuing …
What can a UCITS invest in?
UCITS can invest in money market instruments admitted to trading/dealt in on a regulated market and in money market instruments which are not admitted to or dealt in on a regulated market.
What can a UCITS fund invest in?
Who are the owners of Lyxor Asset Management?
Lyxor Asset Management was founded in 1998 to offer innovative investment management solutions to institutional investors. Lyxor brings together the responsiveness of an entrepreneur striving to deliver tailor-made solutions and the reliability of a rapidly expanding global player:
How much money is SocGen buying from Lyxor?
It will also acquire €47bn of actively managed assets from Lyxor that are mainly dedicated to alternative investments including hedge funds. The deal, which is subject to regulatory approval, excludes about €16bn of Lyxor’s assets under management in areas such as structured products, which will be retained by SocGen.
What’s the deal between Amundi and Lyxor?
Amundi, the Paris-based asset manager, has entered exclusive talks to buy Lyxor from Société Générale in a cash deal worth €825m that will better equip it compete against aggressive US rivals that are expanding in Europe.
How many employees does Lyxor have in the world?
With around 600 employees of 30 different nationalities, across 3 continents, Lyxor boasts a unique positioning as a pioneer and leader in its fields of expertise.