Lazard AM launches diversified return fund for Jacob

Benchmark-agnostic

Lazard Asset Management has launched a diversified return fund for portfolio manager Jai Jacob.

The UCITS-compliant Lazard Diversified Return fund is benchmark-agnostic and seeks to produce a total return by targeting volatility to a range of 4% to 8%. It will look to maximise risk-adjusted returns through bottom-up security selection and top-down asset allocation. The fund is managed by the Lazard multi-asset investment team, led by Jacob (pictured), which runs more than $4bn in assets across a wide range of solutions. Lazard launches US Fundamental Alternative fund for NY duo Jacob said: "By combining top-down market forecasts, individual security selection, and robust ...