For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products January 5, 2010
Lazard Launches Infrastructure Mutual Fund
January 5, 2010 (PLANSPONSOR.com) - Lazard Asset Management LLC has announced the launch of the Lazard Global Listed Infrastructure Portfolio (GLIFX, GLFOX) - available to both institutional and individual investors.
Reported by Rebecca Moore
The Lazard Global Listed Infrastructure Portfolio is an actively managed portfolio of infrastructure companies with a minimum market capitalization of $250 million. According to the announcement, the portfolio uses a “preferred infrastructure” approach that focuses primarily on equity securities of companies that own infrastructure assets that exhibit certain desirable characteristics including longevity of the issuer, lower risk of capital loss, and revenues linked to inflation.
The portfolio also generally seeks to substantially hedge foreign currency exposure back to the U.S. dollar.
Lazard’s Global Listed Infrastructure platform currently manages $1.98 billion in institutional mandates.
More information is at http://www.lazard.com.
You Might Also Like:
Products |
Product & Service Launches
ShareBuilder waives 401(k) setup fee; Voya launches access to SecureSave; Equitable expands Endowment Solutions Platform; and more.
Fidelity Investments Reorganizes Rutland Square Trust II
Fidelity is seeking agreement from shareholders to reorganize funds offered through Fidelity Personal & Workplace Advisors LLC by RIA Strategic...
Products |
Product and Service Launches
Empower providing retirement plan administration to Arizona city; TruStage enhances annuity; Confluence Technologies announces analytics partnership; and more.