Investcorp appoints Lionel Erdely as Head of Hedge Funds, Chief Investment Officer

NEW YORK, Oct. 14, 2013 /PRNewswire/ -- Investcorp's New York-based Hedge Fund group announced today that industry veteran, Lionel Erdely, will join the firm as Head of Hedge Funds and Chief Investment Officer.

Mr. Erdely will join Investcorp from Lyxor Asset Management, a subsidiary of Societe Generale Group with approximately $100 billion of assets under management, where he has served as Chief Investment Officer since 2004 and CEO of Lyxor Inc since 2009. During his 11 year tenure at Lyxor he was instrumental in expanding the firm's alternative investment business globally and growing its roster of large U.S.-based institutional investors. Mr. Erdely served as Chairman of the firm's Investment Committee for alternative investments as well as a member of the Management and the Executive Committee.  

In his new role with Investcorp, Mr. Erdely will be responsible for overseeing the hedge fund 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. Mr. Erdely will report to Savio Tung, Chief Executive Officer, North America.

"Lionel's leadership and international investing experience, coupled with his demonstrated ability to successfully manage a large amount of capital through all economic cycles is an indispensable asset that will help guide the strategic direction of our hedge funds business," said Mr. Tung. "We look forward to the meaningful contributions he will make to our firm and our global investors."   

As of June 30, 2013, Investcorp's hedge fund group had approximately $4.2 billion of assets under management, including $2 billion allocated to the Single Manager Platform, the firm's hedge fund seeding business that was established in 2004.

"Investcorp is a highly respected pioneer in alternative investments, especially with regard to the foresight it had in identifying the role of emerging hedge fund managers as a source of Alpha for investors," said Mr. Erdely. "I look forward to carrying on the tradition of Investcorp's well respected hedge fund franchise."

About Investcorp
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain and Saudi Arabia. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at June 30, 2013, Investcorp had $10.5 billion in total assets under management. Further information is available at www.investcorp.com.

SOURCE Investcorp

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