New York (HedgeCo.Net) – Industry veteran Lionel Erdely has joined Investcorp’s New York-based hedge fund group as Head of Hedge Funds and Chief Investment Officer.

Erdely joins Investcorp from Lyxor Asset Management, a subsidiary of Societe Generale Group with approximately $100 billion of assets under management, where he has served as Chief Investment Officer since 2004 and CEO of Lyxor Inc since 2009.

“Erdely will be responsible for overseeing the hedge fund group’s strategic direction and investment decisions, as well as managing all day-to-day operations.” Investcorp said in a press release today, “Lionel’s leadership and international investing experience, coupled with his demonstrated ability to successfully manage a large amount of capital through all economic cycles is an indispensable asset that will help guide the strategic direction of our hedge funds business,” Savio Tung, Chief Executive Officer, North America, said. “We look forward to the meaningful contributions he will make to our firm and our global investors.”

As of June 30, 2013, Investcorp’s hedge fund group had approximately $4.2 billion of assets under management, including $2 billion allocated to the Single Manager Platform, the firm’s hedge fund seeding business that was established in 2004.

“Investcorp is a highly respected pioneer in alternative investments, especially with regard to the foresight it had in identifying the role of emerging hedge fund managers as a source of Alpha for investors,” said Mr. Erdely. “I look forward to carrying on the tradition of Investcorp’s well respected hedge fund franchise.”

As at June 30, 2013, Investcorp had $10.5 billion in total assets under management.

Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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