Lyxor Asset Management, the Paris–based firm owned by French bank Société Générale, was one of very few fund of funds that thrived following the 2008 global financial crisis. The firm sealed management deals with pension giants including California State Teachers’ Retirement System and the U.K.’s Royal County of Berkshire Pension Fund, which committed £79 million ($117 million) to hedge funds through Lyxor in April 2009. Lionel Erdely, CEO for the U.S. arm of Lyxor Asset Management, attributes the growth partly to a strong advisory business that guided investors through a battered hedge fund environment…
