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Lazard unveils Ucits alternative fund

Alternatives fundLazard Asset Management has launched a Ucits alternative fund to exploit current market volatility for excess returns.

The fund will be managed as part of Lazard’s Rathmore strategy, a global hedged convertible strategy that seeks absolute returns by allocating capital between two sub-strategies.

The strategy is led by portfolio manager Sean Reynolds who works with a ten-strong team in New York. 

Reynolds said: “Our view is that the pick-up in volatility, which has been a feature of the market so far in 2018, is likely to persist for the foreseeable future.”

He added: “In a rising volatility environment, the opportunity to generate excess returns with little sensitivity to interest rates should appeal to investors.”

Lazard has $252 billion (€210 billion) in assets under management.

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