Lazard Asset Management Launches Equity Franchise Portfolio

Robbie Lawther

4 October 2017

Global advisory firm Lazard Asset Management has launched the Lazard Equity Franchise Portfolio.

The Lazard Equity Franchise Portfolio seeks long-term returns by investing in companies that are considered to have an “economic franchise”, which means "companies that share a combination of a history of stable financial returns, strong earnings forecastability, and sustainable competitive advantages", the firm said in a statement.

The fund is managed in accordance with Lazard’s existing Global Equity Franchise strategy, which the team has managed since 2013.

The LEFP is managed by the same investment team that manages the Lazard Global Listed Infrastructure Equity Portfolio, which includes Bertrand Cliquet, Matthew Landy, John Mulquiney, and Warryn Robertson. Located in London, New York and Sydney, the investment team manages over $12 billion in assets under management

“We believe investing in a concentrated portfolio of companies with a history of predictable earnings and sustainable competitive advantages offers the potential for strong returns with lower volatility over the long-term,” said Landy.

Lazard, financial advisory and asset management firm, operates from 43 cities across 27 countries in North America, Europe, Asia, Australia, and Central and South America.