Lazard Asset Management has launched the Lazard Emerging Markets Core Equity Portfolio, which seeks to achieve a consistent pattern of performance with lower volatility of alpha by investing in emerging markets companies.
The team employs a flexible approach that allows for systematic evaluation of companies with different capital structures. The portfolio is based on an existing strategy that the team has managed since inception in 2009.
The portfolio is managed by the Lazard emerging markets core equity team, including portfolio managers Stephen Russell, Thomas Boyle and Paul Rogers, who have worked together on emerging markets strategies for over ten years and have over 15 years of investment experience in the emerging markets. They are supported by a dedicated research team as well as Lazard’s global resources, which include global sector specialists and more than 50 investment professionals dedicated to emerging markets.
“The Lazard Emerging Markets Core Equity team has a highly disciplined and thoughtful investment process, and has been an important addition to Lazard,” says James Donald, head of Lazard Asset Management’s emerging markets group. “The Lazard Emerging Markets Core Equity Portfolio complements our existing emerging markets fund offerings, which include relative value, relative growth, debt, and multi-asset.”
“We believe that by avoiding style and size biases, and investing across a broad spectrum of companies at various stages of development, the Lazard Emerging Markets Core Equity Portfolio is well positioned to capitalise on the evolving opportunities in the emerging markets universe,” says Russell.