Lazard launches Global Controlled Volatility fund

Lazard Asset Management has launched a low volatility, quant-based equity fund.

The Dublin-domiciled Global Controlled Volatility fund aims to deliver returns in line with the market, but with 20% to 40% less volatility than the MSCI World. The portfolio is managed by is managed by a team led by portfolio managers Susanne Willumsen in London and Paul Moghtader in Boston. Typically the portfolio will comprise 250 to 350 stocks and have a turnover of 40%-60% per year. Willumsen said: “The commonly held belief that high volatility stocks outperform over the long term is not necessarily based on fact. Our research shows that investment in lower volatility equity port...