Lazard specialized on institutional investors. In Germany, the traditional investment vehicle is the
segregated fund (“Spezialfonds”). The relevance of mutual funds for these investors increased over the
last few years and will increase further. The feasibility to participate in non-traditional asset classes
even with relatively small amounts will support the growing demand for mutual funds. They can play a prominent
role within core-satellite strategies. Mutual funds improve the diversification effects especially in a company’s
own asset management. With Lazard-managed mutual funds, umbrella funds and fund-based asset managers find attractive
investment opportunities.
The Lazard-managed mutual funds duplicate the investment strategies of the institutional investment concepts
as far as possible. Regardless of the vehicle, all investment concepts aim to achieve a risk-adjusted return that
is consistently higher than the competition’s and the market’s average.
Due to our focus on asset management, we do not have a retail distribution network and do not offer fund savings
plans. As a private investor, you can buy our mutual funds via numerous banks and savings banks.
Do not hesitate to contact us if there are further questions:
Due to a reorganization of the Dublin funds the umbrella Lazard Global Bond Fund plc. was liquidated
in November 2001. The Lazard Global Equity Fund plc. was renamed into Lazard Global Active Funds plc..
The open-ended umbrella fund Lazard Global Active Funds plc., which is registered in Dublin (Ireland),
has currently 8 equity and 3 bond subfunds.
For further information or for the sales prospectus to these funds, click here.
At present, we offer the following investment concepts as Irish retail funds:
Even with regard to mutual funds, our focus is on asset management only. That’s the reason that we are
managers not only for the “Lazard brand” funds, but even for mutual funds that have been incepted by other
investment companies. In these cases, Lazard acts as a portfolio manager / advisor; administration and distribution
are in the hands of the partner company.
Effective October 1st, 2003, the money market-oriented mutual fund BHW Lazard Short Term Plus has been incepted.
BHW Invest GmbH is the fund administrator, Lazard is the portfolio manager. The fund predominantly invests in
short-term floating rate notes. Due to a broad investment universe that consists of European ABS, MBS and
corporates, the fund’s target return is above the return of traditional money market instruments.
December 1st, 2004 was the inception date of the bond mutual fund Gutmann Euro Absolute Return Anleihefonds.
Austrian investment company “Gutmann Kapitalanlagegesellschaft” is the fund administrator, Lazard is the portfolio
manager / advisor. The fund represents a broadly diversified portfolio of highly rated, Euro-denominated bonds.
The “Absolute Return” principle – achieving positive and stable returns at regular, even short-term intervals –
is addressed by a systematic interest rate risk reduction and a concentration on risk prevention. Risk avoidance
and safety are more important than profit maximization.
