Quebec City-based Industrial Alliance and Financial Services Inc. has appointed Lyxor Asset Management as advisor of Multi-Strategy Fund and Global Trading Fund, effective immediately. “Lyxor has a good track record; it offers good transparency, diversification and uses good strategies,” says Jacques Carrière, vice president of investor relations at Industrial Alliance. Both funds’ current investments will be replaced by investments in Class B shares of MSCI Hedge Invest Lyxor Tracker Fund Ltd., which is composed of about 125 underlying funds that reflect various investment strategies. Lyxor replaces Norshield Asset Management Ltd., which went into voluntary liquidation in May following regulatory problems.