Lyxor Asset Management, a wholly-owned subsidiary of Societe Generale, has launched the Lyxor/Canyon Credit Strategy Fund. This is a UCITS-compliant vehicle designed to access Canyon Capital Advisors event-driven and credit-oriented strategies across a broad spectrum of asset classes.

The fund is designed to provide “diversified and differentiated” exposure. It has the ability to invest in certain special situation securities, including select liquidations, high yield and distressed corporate bonds, equities, convertibles and agency residential mortgage-backed securities. The fund will be available on Lyxor’s alternative UCITS platform in euros, US dollars and sterling; other currencies are available on request. Investors in the fund will benefit from weekly liquidity and independent risk management provided by Lyxor.

Los-Angeles headquartered Canyon, is an alternatives asset manager with over $21 billion in assets under management.