Lazard launches European Alternative Fund
Lazard Asset Management (LAM) has launched a new product - the Lazard European Alternative Fund.
The company said the fund would be managed out of London by Leopold Arminjon supported by portfolio manager/analyst, Nitin Arora who ahd recently joined the firm from HSBC.
The Lazard European Alternative Fund, is UCITS compliant and utilises bottom up stock selection and is a liquid portfolio of approximately 60 long and short positions in European large- and mid-cap companies.
Commenting on the product, Arminjon said the nascent European recovery offered an attractive backdrop for investors, but remained complex and volatile as evidenced by the sovereign crises of the past few years.
"This strategy can take steps to adapt to these circumstances with a view to protect capital, offering the potential for a lower risk option to access European stock markets," he said.
Recommended for you
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
