Bringing you live news and features since 2006 

One finger

Lyxor launches Corsair, first daily fund on alternative UCITS platform


Lyxor Asset Management has partnered with Corsair Capital Management to launch the Lyxor/Corsair Capital Fund a new UCITS-compliant US long/short equity strategy, and the first fund with daily liquidity within Lyxor’s  Alternative UCITS offering. 

The fund seeks to capture the performance of US equities with less risk, by preserving capital in down markets and using no leverage. It invests with a long bias focused primarily on US mid-capitalisation companies going through strategic and/or structural change, as those companies often have little analyst coverage and a complicated financial story. It is this information gap between market consensus and Corsair’s proprietary research that creates an investment opportunity and generates alpha. 

Corsair is managed by Jay Petschek and Steve Major, who lead an experienced team of twelve. The strategy deployed by the firm in 1991 has outperformed the US equity markets over multiple market cycles with less risk*, and enabled them to develop a consistent investment process, with both co-portfolio managers working side by side for nearly 18yrs. The value-oriented strategy and catalyst-driven approach they have developed are uncommon in the UCITS universe and seem best fit to take advantage of US equities. 

The fund, which is now passported in nine countries, is available on Lyxor’s Alternative UCITS Platform in EUR, USD, JPY, CHF, GBP, SEK, and NOK. Corsair becomes the sixth alternative manager on the UCITS platform – after Winton Capital Management, Canyon Capital Advisors, Tiedemann Investment Group, Capricorn Capital Partners and Lyxor (as manager of the Lyxor Epsilon Global Trend Fund). 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by