Thursday, 25 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.