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.