Lyxor Asset Management, a wholly owned subsidiary of Société Générale, has launched a new Lyxor/Tiedemann Arbitrage Strategy Fund.

The new fund, which is UCITS-compliant, is designed to allow access to a pure merger arbitrage strategy in partnership with the hedge fund firm TIG Advisors. The fund will benefit from TIG’s recognised merger arbitrage expertise supported by large deal experience, strong focus on research and high market convictions, the firm said.

“We look for complex mergers where our research can add value and are anticipating an uptick in mega-cap deals driven by the increased availability of funding, both for strategic buyers and private equity,” said Drew Figdor, portfolio manager for the strategy at TIG Advisors. 

The fund’s investment strategy is to play arbitrage deals from both a long and a short perspective by investing in securities that are subject to special events in North America, Europe, Australia, South America and Asia. The investment team focuses on 0-30 day events within the merger arbitrage process and looks for wide spreads and complex deal opportunities relying on TIG’s deep research capabilities.

The Lyxor/Tiedemann Arbitrage Strategy Fund, now available in six countries, is also on Lyxor’s alternative UCITS platform in euros, Japanese yen, Swiss francs, sterling, Swedish crowns and Norwegian kronor. Investors in the fund will also benefit from the weekly liquidity and independent risk management provided by Lyxor.