Lyxor AM

A wholly-owned subsidiary of Société Générale, belonging to the Corporate and Investment Banking arm of the group (SG CIB), Lyxor AM specializes in three businesses:

• Structured Alternative Investments: Lyxor AM manages more than EUR 21 billion in assets, at end of June. Adhering to high risk-management standards and strict hedge fund manager selection guidelines, it has currently investments in several hundred hedge funds across all strategies, including more than 150 Managed Accounts. Lyxor's innovative platform of "Managed Accounts", which is used by major Investment Advisors, offers  nvestments in a wide and diverse range of hedge funds, while benefiting from independent valuation, risk control and weekly liquidity. In 2004, the platform was awarded "Best managed account platform" by Albourne Partners Ltd. in its biennial Grannies Award Ceremony. 19,000 professionals of the alternative investment industry participated in voting for the award winners.
• Structured Funds: Lyxor AM manages more than EUR 20.1 billion in structured funds, at end of June 2005. Lyxor AM benefits from the expertise and innovation of the Equity Derivatives Department of SG CIB. SG CIB was recently awarded Equity Derivatives House of the Year by The Banker (Financial Times), IFR and Risk magazine.
• Index Tracking: Lyxor AM has over EUR 8.6 billion in assets in tracker funds including EUR 8.1 billion in its ETF range. The company ranks number one in the European ETF industry with a 24.5% market share as at end of June 2005. www.lyxoretf.com

Created in 1998, Lyxor AM manages today over € 49.7 billion. In 2004, the company was awarded "Asset Manager of the Year" by AsiaRisk (Asia Risk awards are designed to recognize best practices and innovation in derivatives and risk management in Asia Pacific). www.lyxor.com.