Lazard Asset Management is planning a fund located in Ireland, based on the group's $500m multi-asset class emerging markets investment program, which has run in a US-based portfolio since mid-2009.
Manager Jai Jacob and Lazard AM’s teams will invest across cash, equities, long and short fixed income including debt and credit, FX, options, and interest rate derivatives. Jacob explained to David Walker the strategy, and how it compares with fund of fund approaches to multi-strategy investing. What is in general the case for choosing multi-asset class when it comes to emerging markets? The emerging markets have matured considerably over the past 15 to 20 years. Equity markets in emerging economies are more correlated to developed markets as a result of globalisation and differen...
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