Lyxor AM has been awarded a €2.5bn mandate from French energy group Engie, formerly known as GDF Suez, to cover its corporate pension liabilities.
The open-architecture multi-fund investment solution mixes active, passive and alternative strategies. Lyxor said the mechanism is intended to reach international scale.
“This solution developed for Engie is the largest multi-management platform covering pensions’ liabilities in Europe and is at the heart of Lyxor’s development strategy,” said Lionel Paquin, CEO of Lyxor Asset Management.
Founded in 1998, Lyxor has assets under management and advisory totalling €117.6bn of which more than €28bn of assets in multi-management solutions.