Lazard Asset Management launched a UCITS fund for the Lazard Global Hexagon strategy.
The Lazard Global Hexagon Equity Fund is a long/short equity strategy that seeks to achieve long-term capital appreciation by investing in attractive opportunities around the world, including emerging markets. It utilizes bottom-up fundamental stock selection based on Lazard’s global research and adheres to an investment philosophy with risk management and capital preservation at its core.
Mike Wariebi, Head of Business Development for Alternative Investments in Europe and the Middle East, commented: “Since the inception of the strategy, in June 2010, we have employed an investment approach with a strong focus on capital preservation and an investment discipline which allows the quality of our ideas to be the real driver of returns. With this launch we are delighted to be able to now offer our clients this global long/short equity offering within a UCITS vehicle”.
The Fund is managed by a team led by Portfolio Manager Jean-Daniel Malan, who has over 15 years of industry experience. The investment team also draws upon the firm’s fundamental equity research capabilities through the global research platform.
Jean-Daniel Malan said: “We continuously screen globally for undervalued companies that have improving or high and sustainable financial productivity. Our aim is to give our clients exposure to differentiated and often under-researched investments that offer the best asymmetric risk/reward outcomes. Yet we also have to be attuned to exogenous developments and changes in market sentiment which often present as many opportunities as they do challenges."