Lazard to launch Developing Market equity strategy to UK

Lazard is launching its growth-orientated Developing Markets equity strategy to UK investors on 30 September.

The strategy, which has been run in the US since October 2008, is managed by the group’s developing markets equity team, led by Kevin O’Hare and Peter Gillespie. It has delivered a 30.8% return from inception to end Q2 2010, against a 23.4% rise for its MSCI Emerging Markets benchmark. The launch comes after Lazard soft-closed its successful Emerging Markets equity strategy, run by James Donald, earlier this year. This strategy has in excess of £18.5bn under management. While Donald’s value-orientated product has performed strongly over the past decade, O’Hare and Gillespie expect ...