Lyxor Asset Management, a French asset manager with USD10.81 billion in alternative assets under management, is seeking investment banks to write options on a tracker fund it created last summer that replicates the MSCI Hedge Invest Index, Alain Dubois, chairman of the board, told DW sister publication Alternative Investment News last week.
Lyxor had previously only purchased such options from its parent, Société Générale, but is now open to dealing with other banks because dealers writing the options will have to invest in its index fund, thereby boosting assets under management. This tracker fund, which replicates the MSCI index, consists of 74 single-manager funds. "We want the MSCI index to be available to the whole market," he continued. Dubois said he is in discussions "to bring major investment banks in" but declined to disclose names.
