At Lazard, we realize how difficult it can be to keep abreast of developments in today's markets and we hope the publications found below can help you understand the intricacies of the marketplace.

Our publication, "Point of View" provides an analysis of current events. In the series, "Background" we'll guide you through fundamental themes related to asset management. Lastly, in our piece "Investment Perspective" we provide insight to investments and investing. The Capital Market Review briefly describes and analyzes the most important events in the capital markets during the given periods.

We hope that there are some topics of interest to you in our library, so feel free to look around. If you have any suggestions about the material presented here, please write us.

Werner Krämer +49-(0) 69-50606-141 Werner.Kraemer@lazard.com

 

		PublicationTopic Point of View 2008 June The decade of finacial bubbles − in between „Stairway to Heaven” and „Highway to Hell” 2007 July The situation of the german "Sparkassen" and their role on the capital market JuneCharme of dividends strategies in dificulte equityyears − Lazard World Dividend Equity Strategy 2006 JulyA new investment approach for the Emerging Markets − Emerging Markets Balanced JuneInvestments in "Local Emerging Markets Currency Debt" − Lazard Emerging Income 2005 NovemberBenchmarks and the Present Value Concept SeptemberAsset Backed Securities for the public sector in Germany AugustShareholder Value in a stalemate? MayGerman "Spezialfonds" - no future? AprilPrivate equity as an asset class 2004 DecemberAsset Management Fees OctoberEuropean Bond Management and Absolute Return MayAbsolute Return strategies as part of Asset Management concepts MarchEnhanced Indexing in the Equity Fund Management FebruaryInflation linked bonds 2003 OctoberBHW Lazard Short Term Plus - Special Edition AugustAsset Allocation after the burst of the New Economy bubble JuneThe asset class Money Market in a low return environment MaySustainability as an Asset Class FebruaryAssurance - quo vadis? The importance of German life insurers 2002 SeptemberSpecialized Funds in Germany - a segmented market? SeptemberSavings Banks in Europe AugustEquity Risk Premium MarchThe Capital Markets after the bubble burst JanuaryThe 4th Act for the Promotion of Financial Markets 2001 DecemberThe dilemma of insurance companies in a low yield environment JanuaryWhy the year 2001 could become a good year for equities 2000 SeptemberBank scenery without Savings Banks? The EU competition complaint against German governmental guarantees JuneCentral bank policy and yield curve 1999 AugustECB is changing interest policy Background 2008 MarchThe charm of absolutness − Lazard Euroland Equity Absolute Return JanuarPrivate Equity - quo vadis? 2007 NovemberA revue of the Investment-Forum November 2007 OctoberCredit Default Swaps − weapons and ploughshars? JunePortable alpha-revolution JanuarThe correlation of economic cycles and asset classes 2006 NovemberDuration Management within Absolute Return investment concepts - Lazard Duration Overlay AugustBonds indices - unknown creature AprilRisk adjusted return - No Risk, No Return FebruaryBasel II welcome to the level plain field! 2005 OctoberBonds, Bubbles and other Incongruities JuneBondholder Value - an important part of company policy FebruaryValue at Risk and Stresstests at Banks and Insurance Companies 2004 SeptemberInvestment and Benchmark AugustGlobal Thematic Investment JulyCertificates - terra incognita 2003 DecemberHedge Funds in Germany - brave new world? SeptemberFoundations in Germany AprilMaster-KAG 2002 NovemberRisk-Return-Measures - theory and practical experience, part 2 OctoberRisk-Return-Measures - theory and practical experience, part 1 SeptemberThe Importance of risk-bearing capacity JuneCommodities as an Asset Class MayRating and Ranking - Part II AprilRating and Ranking - Part I 2001 SeptemberEuropean Small Cap Indices JuneHigh Yield - Revolution for the Asset Allocation FebruaryShareholder and Bondholder - A fundamental antagonism? Or: Bondholders of the World - Unite! 2000 AugustHedge Funds MarchThe „New Economy" MarchEuropean Bond Management 1999 SeptemberEuropean Bond Indices Investment Perspective 2007 IVTrend-Monitor: Water investments - the true blue chips IIITrend-Monitor: Skyscraper and economic cycles - Up, up to the sky !! IITrend-Monitor: Islamic banking and sharia-investments ITrend-Monitor: Microcredits and microfinance – The Future is Now 2006 IVTrend-Monitor: „Emission rights trading - profit's in the air“ IIITrend-Monitor: Hybrid cars - hip or hype? Africa - discovery of the lost world? IITrend-Monitor: Art as asset class Sweet Dreams Are Made of This ITrend-Monitor: „....fat is a cruelty....“– Climate change - warning by nature??? 2005 IVTrend-Monitor: Alternative Fuels IIITrend-Monitor: Public Holidays - For Whom The Bell Tolls Asia - A Never Ending Story IITrend-Monitor: Offshoring - A Variation Of Outsourcing ITrend-Monitor: Creativity Crisis, Displays 2004 IVTrend-Monitor: Demographics, The German Discount Battle IIITrend-Monitor: Entertainment Industry, Oil and Economy IITrend-Monitor: Inflation, The Single-Society, Internet Telephony ITrend-Monitor: Gold, India, Grid Computing, Digital Homes 2003 IIITrend-Monitor: Asia, Water, Spam Mail, Alternative Energy IITrend-Monitor: Risk, Pension Systems, Commodities, Nanotechnology, Diseases, Cars ITrend-Monitor: Debt, Government Bonds, Oil, DVD vs. Broadband 2002 IIITrend-Monitor: Deflation, The US-Supershopper, Real Estate Market, Platforms and Standards, New Economy, Immorality IITrend-Monitor: Internet, iSCSI, Straight Through Processing, Deflation - A (remote) danger?, Rich-Poor-Dynamics ITrend-Funds and Trend-Research 2001 4th QuarterThe Impact of Benchmark Selection on Successful Investing 2nd/3rd QuarterActive vs. Passive Portfolio Management 1st QuarterSmall Caps vs. Blue Chips 2000 4th QuarterTrend Funds 3rd QuarterPortfolio Insurance Concepts 2nd QuarterValue vs. Growth 1st QuarterStyle Investment - Tax Reform in Germany Capital Market Review 2007 Monthly ReviewJanuaryMonatsrückblick Januar 2007 2006 Market Review (year)Jahresrückblick 2006 Market Review (half-year)Halbjahresrückblick I/2006 QuartalsrückblickQuarter 4Quartalsrückblick Q4/2006 Quarter 3Quartalsrückblick Q3/2006 Quarter 2Quartalsrückblick Q2/2006 Quarter 1Quartalsrückblick Q1/2006 Monthly ReviewDecemberMonatsrückblick December 2006 NovemberMonatsrückblick November 2006 OctoberMonatsrückblick October 2006 SeptemberMonatsrückblick September 2006 AugustMonatsrückblick August 2006 JulyMonatsrückblick Juli 2006 JuneMonatsrückblick Juni 2006 MayMonatsrückblick Mai 2006 AprilMonatsrückblick April 2006 MarchMonatsrückblick März 2006 FebruaryMonatsrückblick Februar 2006 JanuaryMonatsrückblick Januar 2006 2005 Market Review (year)Jahresrückblick 2005 Market Review (half-year)Halbjahresrückblick I/2005 Quarterly ReviewQuarter 4Quartalsrückblick Q4/2005 Quarter 3Quartalsrückblick Q3/2005 Quarter 2Quartalsrückblick Q2/2005 Quarter 1Quartalsrückblick Q1/2005 Monthly ReviewDecemberMonatsrückblick December 2005 NovemberMonatsrückblick November 2005 OctoberMonatsrückblick Oktober 2005 SeptemberMonatsrückblick September 2005 AugustMonatsrückblick August 2005 JulyMonatsrückblick Juli 2005 JuneMonatsrückblick Juni 2005 MayMonatsrückblick Mai 2005 AprilMonatsrückblick April 2005 MarchMonatsrückblick März 2005 FebruaryMonatsrückblick Februar 2005 JanuaryMonatsrückblick Januar 2005 2004 Market Review (year)Jahresrückblick 2004 Market Review (half-year)Halbjahresrückblick I/2004 Quarterly ReviewQuarter 4Quartalsrückblick Q4/2004 Quarter 3Quartalsrückblick Q3/2004 Quarter 2Quartalsrückblick Q2/2004 Quarter 1Quartalsrückblick Q1/2004 Monthly ReviewDecemberMonatsrückblick Dezember 2004 NovemberMonatsrückblick November 2004 OctoberMonatsrückblick Oktober 2004 SeptemberMonatsrückblick September 2004 AugustMonatsrückblick August 2004 JulyMonatsrückblick Juli 2004 JuneMonatsrückblick Juni 2004 MayMonatsrückblick Mai 2004 AprilMonatsrückblick April 2004 MarchMonatsrückblick März 2004 FebruaryMonatsrückblick Februar 2004 JanuaryMonatsrückblick Januar 2004 2003 Market Review (year)Jahresrückblick I/2003 Market Review (half-year)Halbjahresrückblick I/2003 Monthly ReviewDecemberMonatsrückblick Dezember 2003 NovemberMonatsrückblick November 2003 OctoberMonatsrückblick Oktober 2003 SeptemberMonatsrückblick September 2003 AugustMonatsrückblick August 2003 JulyMonatsrückblick Juli 2003 JuneMonatsrückblick Juni 2003 MayMonatsrückblick Mai 2003 AprilMonatsrückblick April 2003 MarchMonatsrückblick März 2003 FebruaryMonatsrückblick Februar 2003 JanuaryMonatsrückblick Januar 2003 2002 Market Review (year)Jahresrückblick 2002