Lazard renames top-performing UK equity income fund

Lazard Asset Management has renamed its top performing UK income fund, run by Alan Custis and Alan Clifford.

The group's £101m UK Equity Income fund has been renamed the Lazard Multi-Cap UK Income Fund to reflect its multi-cap approach: the fund has around 40% of its portfolio invested outside the FTSE 100. The fund, which looks for a dual combination of growth and income from the majority of its investments, is one of the top performers in the sector over the five years to 28 March, returning 132% vs the sector average of 120%, according to Morningstar. Tony Maddock, head of third party distribution at Lazard AM, said: "The renaming of the Lazard UK Equity Income fund is to reflect the fund...