Key Takeaways
- • Lyxor Asset Management launched the Lyxor/Kingdon Global Long/Short Equity Fund as the 10th addition to its UCITS platform, filling a gap for a fundamental global equity long/short strategy with variable directional bias and wide geographic diversification.
- • Kingdon Capital Management brings 30+ years of institutional track record with annualized returns of 13.7% since offshore fund inception in March 1986, coupled with rolling three-year positive returns 97% of the time, demonstrating consistent risk-adjusted performance.
- • Lyxor's UCITS platform has grown to $2.4 billion in assets over three years, positioning it as one of the fastest-growing UCITS hedge fund platforms, while maintaining selective onboarding of only three to four funds annually to prioritize quality.
- • Kingdon's strategy maintains net market exposure below 100% and exhibits lower volatility than broader equity markets through active tactical adjustment of exposure and short book management, offering downside protection across market cycles.
- • The fund was registered in Ireland on July 22, providing UCITS-compliant access to an alternative strategy designed for institutional investors seeking improved equity portfolio diversification across multiple geographies.
Summary
Lyxor Asset Management has launched the Lyxor/Kingdon Global Long/Short Equity Fund, marking the 10th fund addition to its UCITS platform and expanding its alternative investment offerings. According to Andrew Cocks, Head of Third Party Distribution at Lyxor Asset Management, the partnership addresses significant client demand for a fundamental global equity long/short strategy with variable directional bias and broad geographic exposure. The fund was registered in Ireland on July 22.
Kingdon Capital Management, the US-based alternatives specialist partnering with Lyxor, brings substantial institutional pedigree to the vehicle. Since its incorporation in 1983, Kingdon has maintained a 30+ year track record characterized by strong risk-adjusted returns and tactical flexibility. The flagship offshore fund, which inception dated March 1986, has delivered annualized returns of 13.7%, while rolling three-year returns have been positive 97% of the time. Kingdon currently manages $2.1 billion in total assets, with $1.8 billion allocated to the long/short equity strategy and $335 million to other vehicles. The manager's ability to consistently adjust net market exposure below 100% while maintaining lower volatility than broader equity markets has distinguished its performance through multiple market cycles.
Lyxor's UCITS platform has demonstrated rapid growth, expanding to $2.4 billion in assets since launching three years prior to this announcement. The platform won The Hedge Fund Journal's 2016 award for "the Leading UCITS Hedge Fund Platform." Despite this growth trajectory, Lyxor maintains a selective approach, adding only three to four funds per year on average to prioritize quality over quantity. Kingdon's fundamental strategy fills a specific strategic gap within Lyxor's growing suite of alternatives, enhancing portfolio diversification while providing downside protection through an active short book and variable exposure management. This partnership aligns with Lyxor's founding commitment to alternatives—the firm launched its first managed account in 1998.
Kingdon Capital Management, the US-based alternatives specialist partnering with Lyxor, brings substantial institutional pedigree to the vehicle. Since its incorporation in 1983, Kingdon has maintained a 30+ year track record characterized by strong risk-adjusted returns and tactical flexibility. The flagship offshore fund, which inception dated March 1986, has delivered annualized returns of 13.7%, while rolling three-year returns have been positive 97% of the time. Kingdon currently manages $2.1 billion in total assets, with $1.8 billion allocated to the long/short equity strategy and $335 million to other vehicles. The manager's ability to consistently adjust net market exposure below 100% while maintaining lower volatility than broader equity markets has distinguished its performance through multiple market cycles.
Lyxor's UCITS platform has demonstrated rapid growth, expanding to $2.4 billion in assets since launching three years prior to this announcement. The platform won The Hedge Fund Journal's 2016 award for "the Leading UCITS Hedge Fund Platform." Despite this growth trajectory, Lyxor maintains a selective approach, adding only three to four funds per year on average to prioritize quality over quantity. Kingdon's fundamental strategy fills a specific strategic gap within Lyxor's growing suite of alternatives, enhancing portfolio diversification while providing downside protection through an active short book and variable exposure management. This partnership aligns with Lyxor's founding commitment to alternatives—the firm launched its first managed account in 1998.
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