Thursday, 21 August 2014
Last updated 13 hours 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note