Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Lazard launches Opportunities Fund following the closure of Matrix UCITS platform

Wednesday, September 26, 2012
Opalesque Industry Update - Following the recent closure of Matrix UCITS fund platform, the assets of the Matrix Lazard Opportunities Fund have been merged into the newly created Lazard Opportunities Fund, which was launched yesterday. This is a sub-fund of Lazard Global Investment Funds plc, an Irish-registered Open Ended Investment Company and recognised UCITS.

Mike Wariebi, Head of Alternative Investments, Marketing and Business Development in Europe and the Middle East at Lazard Asset Management, commented: “The transition from Matrix to the Lazard UCITS platform has been seamless and we welcome existing and future investors. We anticipate significant demand for the fund as the market is seeing $90billion+ of convertible debt maturing over the next few years. We believe companies looking to re-finance debt and re-structure may create opportunities in special situations.”

The Lazard Opportunities Fund is a relative value capital structure and convertible arbitrage fund focused on special situations and events trading. The fund aims to generate returns by exploiting anomalies across a corporate’s securities, using proprietary screening tools, quantitative analysis and fundamental research. The Fund is domiciled in Ireland and has weekly liquidity.

The fund uses a strategic macro-economic overview to optimise portfolio design across two interrelated strategies: special situations and events and convertible arbitrage. This approach expands the opportunity set for the strategy while diversifying its sources of return. Proprietary quantitative tools, deep credit analysis and rigorous fundamental analysis by Lazard’s analysts provide a foundation for the strategy’s differentiated approach.

The Lazard Opportunities Fund is managed by a team led by Portfolio Manager Sean Reynolds in New York. The investment team consists of six experienced investment professionals who have an average of 16 year’s industry experience. The team also benefits from the fundamental insights of more than 215 Lazard Asset Management investment professionals around the world.

Sean Reynolds, Portfolio Manager of the Lazard Opportunities Fund, said: “We anticipate ongoing periods of volatility spikes as markets digest political, economic and sovereign events and this will likely create a generally volatile investment environment in the near term. The Lazard Opportunities Fund is designed to take try to advantage of increased volatility via its current bias towards short-dated corporate credit. The emphasis on shorter-dated trades where outcomes are more definable provides appropriate exposure to the beta of the asset class, but also helps to cushion during periods of risk aversion from the alpha generation delivered via special situations.” Corporate website: Source

fg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. 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

  3. "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

  4. 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

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to