Paris-based Société Générale subsidiary Lyxor Asset Management has joined forces with Cypriot hedge fund manager IKOS to launch the second alternative manager on its Dimension UCITS platform.

The Lyxor/IKOS Futures Strategy Index Fund offers a diversified managed futures strategy using a systematic quantitative global macro approach to trade highly liquid listed futures.

This strategy combines econometric factors, time-series analysis and market micro-structure models, within an integrated risk management and systematic intra-day execution platform.

The new fund aims to generate absolute returns in the global futures markets across five asset classes including bonds, rates, equity indices, currencies and commodities. Model categories include macro, fundamental, trend and counter-trend.

IKOS will be the second alternative strategy on the Dimension platform - after Old Mutual Asset Managers (UK) - and more alternative UCITS funds are planned for the coming months.