Lazard Asset Management has a history dating back to 1848, and has served as a trusted advisor to governments, businesses, and individuals around the world, managing investment portfolios and providing investment advice to institutional and individual investors. The firm now operates from 18 cities across 13 countries with a global staff of more than 750. Upwards of 300 investment personnel manage assets across a range of global, regional and country-specific strategies - both traditional and alternative - in listed equity and fixed income.
A planned deal which would create one of the largest asset managers in Europe grabbed our readers' attention this week.
Lazard Asset Management's UK business has seen profits fall sharply by 75% in 2012 following a rise in outflows as well as a jump in costs.
Buyers fear increased stock-specific risk as active EM funds run high weightings to developed markets.
Bertrand Cliquet, fund manager of the Lazard Global Listed Infrastructure Equity fund, explains his fund's strategy and where he believes there is value in the sector.
Sally Macdonald has joined Marlborough Fund Managers in the newly created position of head of Asian equities, as the firm looks to expand its presence in the space.