Lazard Asset Management Adds TMT Long/Short Equity Team
April 29 2021 - 7:00AM
Business Wire
- Firm expands alternative investment platform
with new absolute return strategy -
Lazard Asset Management LLC (“LAM”) today announced the
expansion of its alternative investment platform, with the addition
of a long/short equity team focused on the technology, media, and
telecommunications (TMT) industries. Co-Portfolio Managers Thomas
Wang and Charles Murias are joining LAM from HM Global Management,
where they have had a proven track record of investing together in
the TMT space.
“We are pleased to welcome Thomas and Charles to Lazard,” said
Loren Katzovitz, Managing Director, who leads the expansion of
LAM’s alternative investment platform. “We believe their industry
expertise and proven investment process will enhance our absolute
return-focused platform.”
As Co-Portfolio Managers of the newly formed LAM TMT team, Mr.
Wang and Mr. Murias will continue to manage their long/short equity
strategy, focused on the Global TMT Sector. The strategy, which
they have managed since inception, is based on a fundamental,
research-driven process. It is style-agnostic and unconstrained,
with the primary objective of maximizing alpha and risk-adjusted
returns.
“We are looking forward to joining Lazard. Having the ability to
leverage LAM’s research capabilities, technology, risk management,
operational infrastructure, and global distribution, will not only
enhance our fundamental research capabilities, but will also enable
us to spend the majority of our time doing what we love –
investing,” said Mr. Wang.
As of March 31, 2021, Lazard’s Alternative Investment Platform
managed approximately $3.1 billion in client assets.
About Lazard Asset Management (LAM) LLC
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM offers a
range of equity, fixed-income, and alternative investment products
worldwide. As of March 31, 2021, LAM and affiliated asset
management companies in the Lazard Group managed $264.9 billion
worth of client assets. For more information about LAM, please
visit www.LazardAssetManagement.com. Follow LAM at
@LazardAsset.
AM- LAZ
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version on businesswire.com: https://www.businesswire.com/news/home/20210429005342/en/
Hillary Yaffe, +1 212 632 6528 hillary.yaffe@lazard.com
Lazard (NYSE:LAZ)
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