Emerging markets help drive Ryan's returns

Lazard Global Equity Income manager attributes fund's 57.9% increase to his focus on individual companies rather than macro-economics

Lazard Global Equity Income fund manager Patrick Ryan attributes his strong returns to a bottom-up stockpicking investment approach based on understanding individual companies rather than macro-economic issues. The fund aims to both generate substantial income and long-term capital growth by investing in high-yielding global securities. Launched in October 2007, Patrick Ryan’s £50.18m Lazard Global Equity Income fund is top quartile over the last 12 months. The fund is ranked 31 out of 183 vehicles in the IMA Global Growth sector over one year to 15 March, up 57.9% against an avera...