Lazard Asset Management (LAM) has rolled out its new fund Global Equity Select Portfolio, which seeks long-term capital appreciation by investing in companies worldwide.
The financial advisory and asset management firm said that new product is based on the existing Lazard Global Equity Select strategy, which aims to offer investors access to LAM’s optimum ideas globally.
Lazard Asset Management managing director and portfolio manager Ronald Temple said, "In a dynamic global marketplace, opportunities arise in some regions and sectors while at the same time others face challenges.
"We seek to take advantage of these divergent opportunities by harnessing LAM’s global research and expertise, and by allocating capital flexibly to the best opportunities, regardless of where a company is located."
The portfolio management team, which comprises Andrew Lacey, Ronald Temple, Louis Florentin-Lee, Patrick Ryan, and Martin Flood, will operate from New York and London.
Operating in 40 cities across 26 nations in North America, Europe, Asia, Australia, Central and South America, Lazard provides capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.