- The Fund is an addition to the Lazard Multi Asset platform of strategies
- It targets a volatility to an 8-12% band with a bottom-up security selection across the global capital markets opportunity set
Lazard Asset Management (LAM) has announced the expansion of its multi asset offerings with the launch of the Lazard Global Dynamic Multi Asset Portfolio.
The Lazard Global Dynamic Multi Asset Portfolio (the “Fund”) is an addition to the Lazard Multi Asset platform of strategies that deploy capital based on the team’s forecast of expected global market risks, returns and opportunities. The firm’s multi asset team manages it.
“We are focused on constructing a portfolio with the objective of delivering a consistent level of volatility regardless of market environment,” said Jai Jacob, Managing Director and Portfolio Manager/Analyst. “We put risk management at the center of our approach by targeting volatility to an 8-12% band. We feel that this approach helps alleviate drawdown risk, which is one of the major concerns for global investors.”
“The Fund marries our macroeconomic insight to our bottom-up security selection across the global capital markets opportunity set to seek strong risk-adjusted returns for our investors,” said Ronald Temple, Managing Director and Co-Head of Multi Asset Investing. “We achieve this by allocating capital across asset classes and securities based on our market forecast,” he added.
As of March 31, 2016, LAM and affiliated asset management companies in the Lazard Group managed $191 billion worth of client assets.