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).