Lazard's Cliquet and team to run Global Franchise fund

Lazard Asset Management is set to build on the success of its Global Listed Infrastructure Equity fund through the launch of a concentrated global equity portfolio.

The Lazard Global Franchise fund, the launch of which is subject to regulatory approval, will seek long-term capital growth by focusing on companies which have stable histories and are likely to deliver healthy earnings for a prolonged period of time. Holding an estimated 25-50 stocks, the fund will be run by Bertrand Cliquet (pictured), Matthew Landy, John Mulquiney and Warryn Robertson and draw on the experience of 250 Lazard investment professionals worldwide. Cliquet and team have run the Dublin-domiciled £633m Global Listed Infrastructure OEIC since 2012, and other versions of th...