Lazard Asset Management Rolls Out Alternative UCITS Fund

Nov 12 2013 | 11:03am ET

Lazard Asset Management recently rolled out a UCITS version of the Lazard Global Hexagon strategy.

Like its predecessor, the new UCITS vehicle is a long/short equity strategy that seeks to achieve long-term capital appreciation by investing in attractive opportunities around the world, including emerging markets. The investment approach utilizes bottom-up fundamental stock selection driven by Lazard’s global research resources and adheres to an investment philosophy that places risk management and capital preservation at its core.

The UCITS fund will be managed by Jean-Daniel Malan. Malan re-joined Lazard in 2008 after working as a hedge fund manager at BlueCrest Capital for two years. He originally joined Lazard in 1998 as an equity analyst and then worked as a portfolio manager for European equity.

According to the latest Alceda Quarterly UCITS Review, which was published Oct. 30, the demand of alternative UCITS strategies in on the rise. The firm’s Absolute Hedge Alternative UCITS Index, which encompasses 454 funds, shows that assets under management reached a total of  €154.4 billion, an increase in AUM of 2.6% on the previous quarter.

“With the growth in AUM, the sector also saw an increasing range of funds made available with the launch of seven new funds in the quarter (Q3). While the new fund launches remain small, the UCITS review reveals that new funds are increasingly gaining traction within their first year, showing more demand
and interest in the alternative UCITS space,” states the Alceda report.

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