Wednesday, 17 September 2014
Last updated 24 min ago
Feb 8 2012 | 1:33pm ET
Lazard Asset Management has launched a new fund of hedge funds with a low minimum investment requirement.
The Lazard Alternative Strategies 1099 Fund will invest in between 15 and 35 underlying managers employing a variety of strategies. The new fund has just a $25,000 minimum investment requirement and offers simplified tax reporting.
"The Lazard Alternative Strategies 1099 Fund invests in multiple hedge funds across a range of investment strategies and seeks returns with less market exposure than traditional stock and bond portfolios," Charles Carroll, head of global marketing at LAM, said. "Our highly experienced portfolio management team has successfully managed this strategy at LAM for 10 years. The team's due diligence process evaluates managers on risk, investment, business and operational criteria, and has access to the full universe of hedge funds."
The 1099 fund is managed by Christopher Boyatt, Christian Frei and Chris Heasman. LAM said the new fund helps fill out its $5.5 billion alternative investment platform.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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