Lyxor Partners with Och-Ziff Capital Management for New Long/Short U.S. Equity Fund

Nov 27 2015 | 8:28pm ET

Lyxor Asset Management has joined forces with U.S. alternative asset manager Och-Ziff Capital Management Group to launch a new long/short equity fund.

The Lyxor/OZ U.S. Equity Opportunities Fund will focus on both long and short investment opportunities in U.S. equities with the goal of producing positive returns with low volatility. It will reportedly look to take advantage of mispricing in event-driven situations like mergers, spin-offs, asset sales, management shakeups and re-capitalizations.

The new fund will launch on Lyxor’s Alternative UCITS platform, becoming the eighth alternatives manager on the platform. Others include Chenavari Investment Managers, Winton Capital Management, Canyon Capital Advisors, Capricorn Capital Partners, and Corsair Capital Management.

The new fund is passported for sale in Luxembourg, the UK, Singapore, France, Austria, Spain, Italy, Sweden, the Netherlands and Belgium, according to a statement released by both companies. 

New York-based Och-Ziff manages $44.4 billion in institutional capital across fundamental, event-driven and merger arbitrage strategies. 

Lyxor, already well known for its fund-of-funds and indexing businesses, hopes to grow its overall assets under management to €150 billion by the end of 2018.

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