Lazard Asset Management (LAM) has expanded its US equity capabilities with the addition of Frank Sustersic as director and portfolio manager.
Based in LAM’s new Radnor, Pennsylvania office, Sustersic will manage two new small cap equity strategies: the Lazard US Small Cap Equity Growth strategy and the Lazard US Small Cap Equity Growth Concentrated strategy.
Both strategies will be available to investors as separately managed accounts beginning in mid-July, and LAM plans on launching a mutual fund for the US Small Cap Equity Growth strategy on 30 August.
Sustersic joins LAM from Turner Investments where he was a senior portfolio manager and principal, serving as the lead portfolio manager for the Turner Emerging Growth Fund (TMCOX) from its inception in February 1998 until April 2014.
"With 23 years of experience, Frank brings deep investment expertise and a proven track record of success to LAM,” says Andrew Lacey, deputy chairman, US and global strategies. “The addition of a demonstrated small cap growth capability will be a valuable addition to our existing investment platform.”
