Wilshire Associates Inc. has closed its previously announced acquisition of Lyxor Asset Management Inc., the firm confirmed. Lyxor had been owned by Amundi Holdings US Inc., a subsidiary of the Amundi Group, Europe’s largest asset manager.
Lyxor Asset Management Inc. is the U.S.-based investment adviser business of France’s Lyxor Asset Management, with $20.8 billion in assets under management. In the U.S., Lyxor primarily provides risk-managed, alternative and hedge fund investment solutions to institutional investors.
Wilshire will enhance its alternative investment offerings and will become a major provider of hedge fund managed accounts, absorbing this capability from Lyxor. Wilshire will also incorporate Lyxor’s institutional clients into the Wilshire ecosystem.
“The alternatives space is a key area of strategic focus for Wilshire and an important part of many investment portfolios,” said Jason Schwarz, Wilshire’s president and CEO, in a statement. “This acquisition furthers our goal of delivering innovative alternative investment solutions to our client base and will provide Lyxor U.S. clients with access to Wilshire’s asset allocation and investment research insights, portfolio construction capabilities, and more. Together with Lyxor U.S.’s leading alternatives platform and talented team, we will have an enhanced ability to deliver compelling investment opportunities for our clients.”
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Tags: Amundi, Asset Management, Jason Schwarz, Lyxor, Wilshire