The asset manager is readying its first pan-Asia Ucits fund and considering adding other products to its hedge fund platform, including mainland, macro and multi-strategy offerings.
Lyxor AM's hedge funds on its managed account platform have posted surprisingly impressive recent gains, the asset manager has announced. Equity funds in Asia stood out as the big winners.
Lyxor AM says it will use part of its new Rmb6 billion quota to launch a China bond ETF, after it became the largest RQFII holder in France. It also plans to revamp its Asia product range over the summer.
The Societe Generale-owned asset manager has appointed Andrew Au as head of Asia ex-Japan. He replaces Gilbert Tse, who has left Lyxor to become chief executive at a fintech start-up.
Despite suggestions of tepid global demand, the UK firm is bolstering its China dedicated strategies with three actively managed debt, equity and multi-strategy RQFII products.
The fund house has applied to Chinese and French authorities to list an RMB-denominated exchange-traded fund in London in the belief there will be long-term demand.
Taiwan's Public Service Pension Fund issues its first RFPs for global equity based on smart-beta strategies as it eyes low-risk returns. If performance is good it pledges to double the size.
Expectations of further ETF delistings in the region would point to a maturing industry, the consultancy argues. It still sees the growing market as up for grabs.
They say the Singapore Exchange’s closing-price mechanism for ETFs can lead to portfolio mispricing, with the issue exacerbated by inactive secondary-market trading.
With the blow-up of Long-Term Capital Management resigned to the past, investors are having a closer look at relative-value hedge funds, says Lyxor.
Sources suggest the fund manager in question is Lyxor, which has just seen the departure of ETF sales and marketing executive Christine Huang.
The French fund manager is considering putting out an Asia absolute-return fund to address investor demand for locally focused products.