Saturday, 28 November 2015
Last updated 23 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…