Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lazard A.M., Winton Capital open office, Templeton, Carmignac increase head-count in Zurich

Friday, September 28, 2012

Benedicte Gravrand, Opalesque Geneva - According to Swiss daily Le Temps, U.S. asset manager Lazard Asset Management opened an office in Zurich last week to better serve its investors. Lazard counts 3,000 institutional investors among their client. Andreas Hubner, a director at Lazard, told Le Temps that there were two incentives for this move; the changes that are taking place in the Swiss banking market are leaving room for manoeuvre for asset management boutiques "in virtue of the principle of open architecture." And Lazard A.M., which has more than $134.8bn in assets under management, is also taking advantage of the demand for its investment specialisations, namely emerging markets (30% of assets there) and global equities. We heard earlier this week that the assets of the Matrix Lazard Opportunities Fund had been merged into the just-launched Lazard Opportunities Fund, a relative value capital structure and convertible arbitrage fund and a sub-fund of Lazard Global Investment Funds plc, an Irish-registered UCITS fund.

Templeton, another large U.S. asset manager, has tripled its head count in Switzerland since the beginning of the crisis to 15 ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  2. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style

  3. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  4. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  5. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity