Société Générale - Lyxor Asset Management S.A.

Mourant acted for Lyxor Asset Management S.A. (a subsidiary of Société Générale) in the establishment of an innovative hedge fund programme comprising 254 stand alone Jersey domiciled open ended collective investment funds, each fund being a stand alone corporate entity listed on the Irish Stock Exchange. Together they cover a wide range of alternative investment strategies utilising European and US based trading advisors and prime brokers.

This year Edward Devenport advised Lyxor’s Amber Fund in its redomiciliation from Jersey to the Cayman Islands and restructuring including the transfer of its management to Amber Capital from SG Corporate & Investment Banking.

The Amber Fund is an event driven value equities hedge fund which manages over $1.5 billion on behalf of more than 50 institutional investors. The fund aims to achieve superior long-term returns with low volatility and low correlation to bond and equity markets by investing in opportunities created by corporate events such as takeovers, spin-offs or mergers.

October 2005