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Lyxor Launches Event-Driven, Credit-Oriented UCITS Fund
Sally Ling
4 April 2013
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.