Paul Cuddy
Lazard Asset Management (LAM) has announced the launch of the Lazard Global Equity Advantage Fund in Australia, expanding access to one of its flagship global equity capabilities.
Designed to perform across market cycles, the fund applies a disciplined, bottom-up stock selection process that seeks to minimise unintended macroeconomic exposures. LAM’s active, quantitatively driven investment framework assesses companies on growth potential, valuation, market sentiment and financial quality, typically holding between 200-350 securities.
The fund will be managed by Lazard’s 20-member Equity Advantage team, which has been with the firm since 2007 and currently oversees US$31 billion in various quantitative strategies for clients worldwide*. The team combines proprietary quantitative insights with perspectives from Lazard’s global network of fundamental investors.
“Our Equity Advantage team has a proven track record of delivering consistent outperformance and a distinctive return profile when compared to many other quantitative strategies,” said Paul Cuddy, CEO, LAM Asia Pacific. “By balancing exposures to key investment styles and controlling benchmark-related risks, the strategy is designed to perform in a wide range of market conditions.”
Originally launched for institutional investors in 2008, the Lazard Global Equity Advantage Strategy is now available to a broader investor base through an Australian Unit Trust structure.
This latest launch further enhances LAM’s quantitative global equity offerings available to Australian investors, which also includes the Lazard Global Small Cap Equity Advantage Fund.