lazard

Lazard UK Omega manager Alan Custis is backing the acquisitive Man Group to pursue further M&A activity as it continues to diversify away from its quant strategies.

Lazard has hired former Henderson manager Léopold Arminjon to run a new European equities strategy.

Charlie Wilson, former head of UK retail at Investec Asset Managament, has left the firm following a review of its sales business.

Stock markets' positive reaction to the European Central Bank's quantitative easing programme proves that UK investors are not being swayed by headwinds facing the country, says Alan Custis, manager of the Lazard UK Omega fund

'We have West Coast capitalism, not US holdings.'

Lazard is planning to merge Lloyd Whitworth and Alan Custis' £80m UK Alpha fund into its smaller UK Omega fund, subject to shareholder approval.

The changing face of investment over 20 years

The dearth of value opportunities in Western equity markets alongside a host of other issues leaves emerging market equities as the last man standing. Should income seekers change their focus?

Lazard Asset Management's Stephen Russell has pointed to off-benchmark positions as a driver of returns for his EM Core Equity fund as a growing number of global stocks turn to the developing world for revenue growth.

Lack of profitability among EM corporates has dragged the sector down in the last several years, but the poor performance has reached its trough and the only way is up, argues Emma Bullock from Saunderson House.