Lyxor Asset Management has inked a distribution deal with Intesa Sanpaolo Private Banking, the wealth management unit of the Italian banking group Intesa Sanpaolo.
The agreement will make Lyxor’s seven alternative Ucits funds as well as two multi asset funds available to private banking investors in Italy.
Alternative UCITS funds support alternative investment strategies focused on offering performance with limited correlation to markets. The alternative UCITS platform from Lyxor has posted a 30% growth in 2015, and currently manages $2bn in assets.
The multi-asset funds – available as part of the deal – are internally managed by Lyxor. The funds incorporate an innovative risk budgeting approach, related to proprietary tactical models of trend following and macro signals.
Lyxor head of sales and client strategy Amber Kizilbash said: "Joining the exclusive range of brands distributed by Intesa Sanpaolo Private Banking is an important achievement for us. The selected absolute return strategies that we offer via our UCITS range can fully respond to the specific investment needs of private customers, particularly in the current uncertain market context."
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