Lazard Asset Management has launched a global commodities fund, which aims to generate strong relative returns in excess of the Bloomberg Commodity Total Return Index while delivering less volatility over a full market cycle.
The Lazard Global Commodities Fund, available to clients across the UK, Europe and Asia, will be managed by the firm’s commodities team, led by portfolio manager and analyst Terence Brennan.
“Our investment philosophy is based on value creation through fundamental analysis of commodity futures and related equities, including meaningful ESG considerations,” said Brennan.
“By investing in commodities and commodity-related equities, we are able to access a broad universe.”
As of March 31, Lazard Asset Management and affiliated firms in the Lazard Group managed $252 billion (€217 billion) of client assets.
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