Lazard Asset Management at a Glance

The Buzz

  • "Outstanding private bank"
  • "Snobby"
  • "Managed accounts guru"
  • "Demanding"
  • "Great Euro funds"

About Lazard Asset Management

Lazard Asset Management, an indirect subsidiary of the public financial services giant Lazard Ltd., offers equity, fixed income and alternative investment services to institutional, financial intermediary and private clients around the world. Lazard's asset management group is subdivided into Lazard Asset Management (LAM), which encompasses most of its assets, and the Lazard Freres Gestion and Fonds Partenaires-Gestion, based solely out of Paris.  As of June 2009, total assets under management for both subdivisions were $86.3 billion (for institutions as well as individual clients).  LAM has approximately 735 employees, including 221 investment professionals and 91 research analysts, and operates out of nine countries.  Lazard Asset Management is headquartered in New York and has additional U.S. offices in Boston, Chicago, Minneapolis, San Francisco and San Diego.

For over 30 years, LAM has advised many institutions, including endowments, foundations, corporations, Taft-Hartley plans and public funds. The private client group is a distinct part of Lazard Asset Management, working with high-net-worth clients with assets ranging from $5 million to more than of $200 million. LAM might be a client's sole investment advisor, responsible for all of the client's assets, or it might manage a portion of the client's assets. LAM's financial institutions group focuses on the needs of financial professionals.  The group focuses on partnering with intermediaries and equipping them with investment solutions, marketing materials and timely information, assisting their sales efforts and fee-based consulting business. LAM's intermediaries include brokers, financial planners and insurance representatives.

LAM spreads its assets over a number of different investments, but the majority of its funds are in equities. As of July 2009, 78 percent of Lazard's assets under management were invested in equities and 17 percent were invested in fixed income.  Its assets are heavily weighted towards the global/international markets.

Lazard Asset Management

30 Rockefeller Plaza
New York, NY 10112
Phone: (212) 632-6000

Stats

  • Employer Type: Public
  • Chairman & CEO, Lazard: Kenneth M. Jacobs
  • 2015 Employees: 2,610

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