Lazard Asset Management (LAM) has launched the Lazard Emerging Markets Multi-Strategy Portfolio (NASDAQ: EMMIX, EMMOX). This new emerging markets mutual fund is available to both institutional and individual investors.
“The Lazard Emerging Markets Multi-Strategy Portfolio (Portfolio) offers investors an efficient way to access the breadth of LAM’s emerging markets equity and debt strategies through a single mutual fund,” says Charles Carroll, a Deputy Chairman and Head of Global Marketing, LAM. “A multi-strategy approach provides clients with the expertise of individual portfolio managers who select securities for their strategies, with a separate, dedicated team that independently allocates capital to them.”
The Emerging Markets Multi-Strategy team will dynamically allocate capital across an array of Lazard’s emerging markets debt and equity strategies. The allocations will be driven by the team’s assessment of various factors, including the current market environment, with the goal of achieving the Portfolio’s investment objective and diversifying exposures and reducing volatility.
The portfolio is managed by a Portfolio Team comprised of Jai Jacob and James Donald. Jacob, a Portfolio Manager/Analyst on LAM’s Multi Strategy team, joined the firm in 1998. Donald, Head of LAM’s Emerging Markets Equity Group, joined the firm in 1996.
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), Lazard Asset Management LLC, the funds’ investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of December 31, 2010, LAM and affiliated asset management companies in the Lazard Group managed USD155.3 billion worth of client assets.