Lazard Asset Management (LAM) has introduced a new fund, called Lazard Global Dynamic Multi Asset Portfolio, to maximise returns within a targeted level of market volatility.
Lazard said that the new offering is an addition to its Multi Asset platform of strategies, which deploy capital based on the team’s forecast of expected global market risks, returns and opportunities.
The new fund will be managed by firm’s multi asset team, which manages Lazard Retirement Global Dynamic Multi Asset Portfolio. The portfolio uses the same investment strategy as the fund.
Lazard managing director and portfolio manager/analyst Jai Jacob said: "We are focused on constructing a portfolio with the objective of delivering a consistent level of volatility regardless of market environment.
"We put risk management at the centre of our approach by targeting volatility to an 8-12% band. We feel that this approach helps alleviate drawdown risk, which is one of the major concerns for global investors."
Lazard managing director and co-head of multi asset investing Ronald Temple said: "The Fund marries our macroeconomic insight to our bottom-up security selection across the global capital markets opportunity set to seek strong risk-adjusted returns for our investors. We achieve this by allocating capital across asset classes and securities based on our market forecast."