Lazard Asset Management (LAM) has launched the Lazard European Alternative Fund, which is UCITS compliant, utilises bottom up stock selection and is a liquid portfolio of approximately 60 long and short positions in European large- and mid-cap companies.
The Fund will be managed out of London by Leopold Arminjon (pictured). He will be supported by Portfolio Manager/Analyst, Nitin Arora, who recently joined from HSBC, where for the past five years he was a lead equity research analyst covering asset managers, specialist lenders and international dealer brokers as well as European investment banks.
Arminjon, who began working in the investment industry in 1997, joined LAM in June this year from Henderson Global Investors, where he was lead portfolio manager of both the Henderson Horizon Pan-European Alpha Fund and the Alphagen Tucana Fund.
“The nascent European recovery offers an attractive backdrop for investors, but remains complex and volatile as evidenced by the sovereign crises of the past few years,” says Arminjon, portfolio manager of the Lazard European Alternative Fund. “This strategy can take steps to adapt to these circumstances with a view to protect capital, offering the potential for a lower risk option to access European stock markets.”
LAM offers a range of equity, fixed-income, and alternative investment products worldwide. As of 30 June 2015, LAM and affiliated asset management companies in the Lazard Group managed USD203 billion of client assets.
