When it comes to the implementation of Lazard’s investment philosophy, we benefit from our independence from other financial institutions. This benefit becomes visible in the choice of the custodian and in the cooperation with “Master-KAGs” and / or investment consultants. Concerning cooperativeness, we have no reservations and already cooperate with numerous partners. Mutual aim is to provide the investor with an optimized result, achieved within the investor’s specific framework, in terms of performance, risk and even costs. Transparency is the key. Albeit extensive reporting potentials, the publication of a total expense ratio (TER) including all transaction costs is part of our understanding of transparency – a service which is not self-evident in Germany.

Lazard Asset Management is a global investment firm with 150 years of experience in providing financial services (details: About us). In March 1999, the firm launched its asset management subsidiary in Germany. Using the international network of Lazard, the German company offers professional fund advisory services to institutional clients.

With regard to the tax and legal implications of the German marketplace, we focus on the following client groups:

• Banks / Saving banks
• Insurance companies
• Industrial companies / pension funds (German and multinational)
• Municipals
• Foundations and endowments
• Labor and employer organisations
  

Existing investment concepts will be tailored exactly to the needs of these client groups. In addition, new investment concepts can be developed in collaboration with our clients. E. g., our money market-oriented “Short Term Plus” concept is a result of such a collaboration of Lazard with its clients.