Guardian – French Bank Societe Generale’s Lyxor Asset Management expects to double the assets under management in its managed accounts platform to about $25 billion by the end of the year, reclaiming ground it lost in 2008’s wave of redemptions, a senior executive said on Wednesday.
Inflows into Lyxor’s managed account platforms have risen more than 50 percent so far in 2009, taking its total assets under management to $20 billion after they halved in 2008, Antoine Broquereau, head of structuring and alternative investment solutions at Societe Generale Corporate Investment Banking.
