Global financial services firm Wilshire is to acquire Lyxor Asset Management Inc (Lyxor US), a provider of risk-managed, alternative and hedge fund investment solutions to institutional investors in North America, from European asset manager Amundi.

Lyxor US was previously the US subsidiary of Lyxor, a major European ETF and liquid alternatives provider which was acquired by Amundi in 2021.

Wilshire says it acquisition of the business will enhance its "alternatives capabilities, including implementation capabilities through hedge fund managed accounts, and incorporate Lyxor US’s premier institutional client base to the Wilshire ecosystem".

Financial terms of the transaction, which has no material financial impact on Amundi, is subject to customary closing conditions and is expected to close in the fourth quarter.

Wilshire was advised by Solomon Partners and Kirkland & Ellis LLP, and Amundi was advised by PJT Partners and Clifford Chance LLP.