Investcorp’s New York-based Hedge Fund group has appointed Lionel Erdely as hedge funds head and as chief investment officer.
In his new role, 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.
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Additionally, Erdely will be a member of the firm’s management committee. He will report to Savio Tung, CEO for North America.
Erdely joins Investcorp from Lyxor Asset Management, where he has served as chief investment officer since 2004 and CEO of Lyxor Inc since 2009. He served as chairman of the firm’s investment committee for alternative investments as well as a member of the management and the executive committee.
Commenting on the appointment, Tung said: "Erdely’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."
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