Lyxor Asset Management (Lyxor AM), a wholly-owned subsidiary of the Société Générale Group, has now received control over SG Asset Management, Société Générale Asset Management's (SG AM) US based alternative asset management unit.

The transition was initiated in 2008 and was part of Société Générale Group's global reorganisation of its asset management business. The move enables Lyxor AM for the first time to conduct business in the US through a US-based registered investment adviser affiliate, Lyxor Asset Management Inc.

The deal also creates an opportunity for Lyxor to reinforce its position as a participant in the global alternative investment industry.

Lyxor AM specialises in alternative investments, structured and quantitative management.

As a result of the transfer of assets, Lyxor AM now has assets under management of over $100 billion.