Lazard Asset Management has rolled out a new European alternative fund that will focus on bottom-up stock selection aimed at delivering disproportionate positive returns given the risk taken.
The Ucits compliant fund will be managed by Leopold Arminjon, who joined Lazard in June 2015 from Henderson Global Investors.
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Based in London, Arminjon will be supported by portfolio manager and analyst Nitin Arora, who joined from HSBC – where he served as a lead equity research analyst for past five years.
The fund will utilise bottom up stock approach and invest in a liquid portfolio of approximately 60 long and short positions in European large and mid-cap companies.
Arminjon said: "The nascent European recovery offers an attractive backdrop for investors, but remains 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."
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By GlobalDataAs of 30 June 2015, Lazard Asset Management and its affiliated asset management companies in the Lazard Group had $203bn of client assets.
