Bringing you live news and features since 2006 

John Reinsberg, Lazard Asset Management

Lazard Asset Management launches International Compounders Portfolio


Lazard Asset Management (LAM) has launched the Lazard International Compounders Portfolio (Institutional: ICMPX; Open: OCMPX), which is managed by the Lazard International Compounders team, led by Louis Florentin-Lee and Barnaby Wilson.

The fund invests primarily in companies listed outside of the United States, including those whose principal business activities are located in emerging market countries. The portfolio management team seeks to realise the fund’s investment objective primarily by investing in companies that the team considers to be “Compounders,” meaning high quality businesses that it believes can generate, and sustain, high levels of financial productivity (ie, return on equity, return on capital and cash flow return on investment). The fund may invest in securities of companies across the capitalisation spectrum and is expected to hold between 40 and 50 positions.

“Lazard and our US-based clients continue to be focused on differentiated ways to invest in international equities,” says John Reinsberg, Deputy Chairman and Head of Global and International Strategies at LAM. “Our team of over 60 equity research analysts have been focused on identifying what we call Compounders, high quality companies with growth characteristics, for many years now. We are pleased to now offer our US-based clients a dedicated way to invest in these companies.”

Members of the Lazard International Compounders team have been investing together in global and non-US equity markets for more than 15 years. The Fund has been launched based on the existing International Compounders strategy that the team has managed since its inception in 2016. Florentin-Lee and Wilson also manage a Global Compounders strategy, which launched in 2011.

As of 30 September, 2018, LAM managed USD51.9 billion of client assets across both fundamental and quantitative international equity strategies.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by