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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Investcorp Adds Hedge Fund Industry Veteran

Oct 14, 2013
Jing Chen

Alternative manager Investcorp said in a statement Monday that it has appointed a hedge fund industry veteran to lead the firm’s hedge fund group.

As the new head of hedge funds and chief investment officer of Investcorp’s New York-based hedge fund unit, Lionel Erdely will be responsible for overseeing the group's strategic direction and investment decisions, as well as managing all day-to-day operations. In addition, he will be a member of the firm's management committee.

Erdely was most recently the chief investment officer of French firm Lyxor Asset Management, a subsidiary of French bank Societe Generale, where he served since 2004.

Investcorp’s hedge fund unit had approximately $4.2 billion in assets under management as of June 30, which includes $2 billion allocated to the firm’s hedge fund seeding business. It has offices in New York, London, Bahrain and Saudi Arabia.

 

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