The new European alternative fund will invest in approximately 60 large and mid-cap European companies and utilise bottom-up stock selection, a statement issued by Lazard Asset Management said.
Léopold Arminjon, who will manage the portfolio, said: “The nascent European recovery offers an attractive backdrop for investors, but remains complex and volatile as evidenced by the sovereign crises of the past few years.”
“This strategy can take steps to adapt to these circumstances with a view to protect capital, offering the potential for a lower risk option to access European stock markets,” Mr Arminjon said.
Mr Arminjon will be supported by portfolio manager and analyst Nitin Arora, who recently joined the firm from HSBC where he was lead equity research analyst.
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