Lazard Asset Management Launches US Systematic Small Cap Equity Portfolio
November 04 2021 - 6:49AM
Business Wire
Lazard Asset Management LLC (“LAM”) today announced the launch
of the Lazard US Systematic Small Cap Equity Portfolio
(Institutional: LUSIX; Open: LUSOX) (the “Fund”), a US mutual fund
managed by the Lazard US Systematic Equity team.
The Lazard US Systematic Equity team is comprised of Oren
Shiran, Stefan Tang, and Seavan Sternheim, who joined LAM in 2019
and have worked together since 2013. With an average of 16 years’
experience in the investment industry, the team has extensive
expertise in fundamental and quantitative research. The Fund will
follow the same long-only investment approach as the existing US
Systematic Small Cap Equity strategy, which launched in 2015. The
team also manages a long/short strategy.
“Technology is essential to the investment process today in a
way that was unthinkable twenty years ago, but fundamental analysis
is still a vital part of every investment decision,” said Oren
Shiran, Portfolio Manager on the Lazard US Systematic Equity team.
“We have developed a differentiated analytical framework designed
to combine the merits of both fundamental and quantitative analysis
to provide a more powerful and consistent solution for
investors.”
The Fund invests primarily in equity securities of small
capitalization companies within the range of the Russell 2000
Index. It is managed using a proprietary investment strategy that
creates and applies what the team refers to as “Insights” and
employs its “Insight-driven” process to identify investments with
fundamental traits the team believes are undervalued by the market.
The strategy combines fundamental and quantitative techniques into
a fully systematic process – that is, the team converts subjective
criteria used to evaluate potential investments into quantitative
formulas based on, among other things, market observations and
testing of resulting hypotheses.
“US small cap equities offer investors exposure to dynamic
companies in an inefficient segment of the market,” said Ron
Temple, Head of US Equity at LAM. “Our US Systematic Small Cap
Equity Portfolio harnesses both technology and Lazard’s
well-established expertise in fundamentally driven investing to
offer investors access to this underappreciated opportunity.”
As of September 30, 2021, LAM managed more than $44 billion of
client assets in US equity strategies.
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
September 30, 2021, LAM and affiliated asset management companies
in the Lazard Group managed $272.6 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/20211104005270/en/
Media: Zoe Butt, +44 20 7448 2802 zoe.butt@lazard.com
Tara Flanagan, + 1 571 414 0304 tflanagan@prosek.com
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