Lazard Launches Low-Minimum Fund Of Funds

Feb 8 2012 | 2:33pm 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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of