Lyxor Asset Management, a subsidiary of France’s Societe Generale, has launched a new UCITS fund focused on emerging market investment.

The fund, a partnership with HAWK Quantitative Strategies, a New York-based firm associated with Caxton Associates, is the latest addition to Lyxor’s expansion of its alternative UCITS fund range. It is also the third single strategy on the platform.

Lyxor, with $22.8 billion of assets in alternative investments, said in a statement that it intends to launch more alternative UCITS funds in the coming months.

The Lyxor/Caxton HAWK strategy Index Fund will apply an investment strategy based on a proprietary system developed by Jeff Enslin, a partner and portfolio manager at Caxton Associates. Enslin has been trading macro and emerging markets on a discretionary basis since 1995.