NEW YORK--(BUSINESS WIRE)--Lazard Asset Management LLC today announced the launch of the Lazard Equity Franchise Portfolio (Institutional: LZFIX; Open: LZFOX).
The Lazard Equity Franchise Portfolio (the “Fund”) seeks long-term returns by investing in companies that are considered to have an “economic franchise,” meaning companies that share a combination of a history of stable financial returns, strong earnings forecastability, and sustainable competitive advantages. The Fund is managed in accordance with Lazard’s existing Global Equity Franchise strategy, which the team has managed since 2013.
“We believe investing in a concentrated portfolio of companies with a history of predictable earnings and sustainable competitive advantages offers the potential for strong returns with lower volatility over the long-term,” said Matthew Landy, Portfolio Manager of the Lazard Equity Franchise Portfolio.
The Fund is managed by the same investment team that manages the five-star Morningstar rated Lazard Global Listed Infrastructure Equity Portfolio* (Institutional: GLIFX; Open: GLFOX), including Bertrand Cliquet, Matthew Landy, John Mulquiney, and Warryn Robertson. Located in London, New York and Sydney, the investment team manages over $12 billion in assets under management and draws on the experience and expertise of over 250 Lazard investment professionals worldwide.
An indirect subsidiary of Lazard Ltd (NYSE:LAZ), LAM offers a range of equity, fixed income, and alternative investment products worldwide. As of June 30, 2017, LAM and affiliated asset management companies in the Lazard Group managed $226 billion worth of client assets. For more information about LAM, please visit www.Lazardnet.com.
Lazard, one of the world’s preeminent financial advisory and asset management firms, 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. For more information, please visit www.lazard.com. Follow Lazard at @Lazard.