Lazard launches UCITs version of global hedged convertible fund

Run by Sean Reynolds

Lazard Asset Management has launched a UCITs version of its Lazard Rathmore Strategy.

The Lazard Rathmore Alternative fund will be managed by Sean Reynolds alongside the existing Lazard Rathmore Strategy, a global hedged convertible strategy targeting absolute returns through two sub-strategies, which focus on capital structure, convertible arbitrage, special situations and event-driven investing. Bill Smith, chief executive officer of LAML, said: "We are launching this fund in response to investor demand for a product that offers the opportunity for equity-like returns, with bond-like volatility, and very little sensitivity to interest rates. Lazard AM's Custis reve...