- The Lazard International Equity Concentrated Portfolio is a multi-capitalization, concentrated international equity portfolio
- LAM’s second new fund, Lazard Global Strategic Equity Portfolio, invests around the world and across the market capitalization spectrum
Lazard Asset Management (LAM) has announced the launch of two open-end equity funds domiciled in the U.S., expanding LAM’s international and global fund offerings. Both funds seek capital appreciation through distinct investment approaches.
The Lazard International Equity Concentrated Portfolio is a multi-capitalization, concentrated international equity portfolio. It invests in non-US companies judged by the investment team to have sustainably high or improving returns at attractive valuations.
“This portfolio seeks to leverage the richest insights of LAM’s International Equity analysts,” commented John Reinsberg, Deputy Chairman, International and Global Strategies. “It distills the intellectual capital of a $30 billion international equity platform into a twenty-to-thirty-stock portfolio.”
The investment team comprises portfolio manager/analysts Kevin Matthews, Michael Bennett, Michael Fry, and Michael Powers, as well as Mr. Reinsberg. On average, each team member has 26 years of industry experience, more than half of which has been with LAM.
LAM’s second new fund, Lazard Global Strategic Equity Portfolio, invests around the world and across the market capitalization spectrum. This portfolio is designed to participate in rising markets and its focus on valuations and financial productivity is intended to protect capital in declining markets. Like the Lazard International Equity Concentrated Portfolio, it focuses on stocks with attractive valuations and sustainably high or improving financial returns.
“This global unconstrained equity offering is an extension of our successful International Strategic Equity offering,” Mr. Reinsberg added.
The investment team consists of portfolio manager/analysts Robin Jones, Mark Little, and Barnaby Wilson, as well as Mr. Reinsberg. On average, each team member has 21 years of industry experience, with 15 of those years spent with LAM.
Lazard operates from 43 cities across 27 countries in North America, Europe, Asia, Australia, and Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising, and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments, and individuals.