Lazard Asset Management Expands Alternative Investment Platform
October 15 2020 - 6:48AM
Business Wire
- Forms Lazard Coherence team of industry
veterans with credit expertise -
Lazard Asset Management LLC (“LAM”) today announced the
expansion of its alternative investment platform, with the addition
of a New York-based team and their long/short credit strategy. Sal
Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar have
joined LAM from Coherence Capital Partners, forming the Lazard
Coherence investment team.
“Sal and his team bring a wealth of investment experience and a
unique approach to investing in credit markets. The addition of
their credit capabilities is complementary to our growing
alternatives business as well as our existing fixed income
offerings,” said Loren Katzovitz, Managing Director, who leads the
expansion of LAM’s alternative investment platform.
The Lazard Coherence Long/Short Credit Strategy, previously
offered to investors in the Coherence Capital Spectrum Funds,
actively identifies long and short bond positions based upon the
philosophy that fixed income markets are an extension of equity
markets. Combining this philosophy with fundamental and
quantitative research capabilities, the team seeks to achieve
differentiated and consistent absolute returns. The strategy
focuses on investment grade, cross-over and high yield fixed income
markets, predominantly in North America and Europe.
“Our team is happy to have found a strong culture fit at Lazard
and we are excited about our ability to grow our business within
the firm,” said Sal Naro, Managing Director and Portfolio Manager.
“In addition to the enhanced infrastructure and resources that will
be available to us, the ability to leverage the firm’s extensive
global investment platform will bolster the fundamental research
that goes into our security selection process.”
As of June 30, 2020, Lazard’s Alternative Investment Platform
managed approximately $4.5 billion in client assets.
LAZ-AM
About Lazard Asset Management (LAM) LLC
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the
Fund’s investment manager, offers a range of equity, fixed-income,
and alternative investment products worldwide. As of September 30,
2020, LAM and affiliated asset management companies in the Lazard
Group managed $227.8 billion worth of client assets. For more
information about LAM, please visit www.LazardAssetManagement.com.
Follow LAM at @LazardAsset.
Information and opinions presented have been obtained or derived
from sources believed by Lazard to be reliable. Lazard makes no
representation as to their accuracy or completeness. All opinions
expressed herein are as of the published date and are subject to
change.
Please consider a fund’s investment objectives, risks,
charges, and expenses carefully before investing. For more complete
information about The Lazard Funds, Inc. and current performance,
you may obtain a prospectus or summary prospectus by calling
800-823-6300 or going to www.lazardassetmanagement.com. Read the
prospectus or summary prospectus carefully before you invest. The
prospectus and summary prospectus contain investment objectives,
risks, charges, expenses, and other information about the Portfolio
and The Lazard Funds that may not be detailed in this document. The
Lazard Funds are distributed by Lazard Asset Management Securities
LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20201015005219/en/
Hillary Yaffe, Lazard Asset Management +1 212 632 6528
hillary.yaffe@lazard.com
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