Lyxor Asset Management, a wholly-owned subsidiary of Societe Generale, has appointed Frank Frecentese to its New York office as the deputy head of hedge fund research, in a move furthering the firm's expansion plans.

Frecentese joins from Citi Private Bank, where he was managing director and global head of hedge fund investments.

Prior to joining Citigroup, he was an executive director at Morgan Stanley, where he was the head of alternatives research for Graystone Research, part of the Morgan Stanley group.

In other news, last month Lyxor launched the Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant vehicle designed to access Canyon Capital Advisors' event-driven and credit-oriented strategies across a broad spectrum of asset classes.