Lazard Asset Management has expanded its multi asset offerings with the launch of the Lazard Global Dynamic Multi Asset Portfolio (Institutional: GDMIX; Open: GDMOX).
The Lazard Global Dynamic Multi Asset Portfolio (the Fund) is an addition to the Lazard Multi Asset platform of strategies that deploy capital based on the team’s forecast of expected global market risks, returns and opportunities. It is managed by Lazard’s multi asset team and seeks to maximise returns within a targeted level of market volatility.
“We are focused on constructing a portfolio with the objective of delivering a consistent level of volatility regardless of market environment,” says Jai Jacob, Managing Director and Portfolio Manager/Analyst. “We put risk management at the centre of our approach by targeting volatility to an 8-12 per cent band. We feel that this approach helps alleviate drawdown risk, which is one of the major concerns for global investors.”
“The Fund marries our macroeconomic insight to our bottom-up security selection across the global capital markets opportunity set to seek strong risk-adjusted returns for our investors,” says Ronald Temple (pictured), Managing Director and Co-Head of Multi Asset Investing. “We achieve this by allocating capital across asset classes and securities based on our market forecast.”
The Lazard Multi Asset team was formed in 2007 and manages portfolios for clients across the globe, including the Lazard Retirement Global Dynamic Multi Asset Portfolio, which utilises the same investment strategy as the Fund. The Lazard Retirement Global Dynamic Multi Asset Portfolio is part of the Lazard Retirement Series family of funds and has earned a five-star Morningstar Rating 1,2 for its overall and three-year risk-adjusted performance.