Assets Under Management1
Average Experience
Our proprietary process has delivered consistent returns across market cycles for over 20 years.
Stocks, Not Styles
Bottom-up stock selection is designed to avoid overexposure to any one factor.
Balanced Exposures
Proprietary definitions of value, growth, quality, and sentiment minimize the impact of style swings.
Model-Driven, Human Touch
Human analysis of all trades accounts for information that models may not capture.
Our core, style-agnostic approach has delivered superior investment results across diverse market environments for decades.
Performance vs. Benchmark
We have delivered positive relative returns since inception and over trailing three-, five-, and 10-year periods for all strategies with sufficiently long track records.
Unlike quantitative approaches relying on off-the-shelf factors, we start with rigorous research to develop proprietary definitions of value, growth, quality, and sentiment.
Research
Hypothesis
Standard Testing
Simulation
Live PM Testing
Only the most robust ideas are tested and ranked.
of ideas don't make it.
Integration into data model
Rank
Lowest ranked
Highest ranked
Build
Our benchmark‑aware, core portfolios minimize style, size, geographic, and sector biases to help deliver consistent active returns. Seasoned managers continuously refine models and monitor stock‑specific risks.
For illustrative purposes only.
Paul Moghtader, CFA
Portfolio Manager
The senior members of investment team have 24 years of average industry experience.
Managing Director
Industry: 33 years | Lazard: 18 years
Managing Director
Industry: 28 years | Lazard: 2 years
Managing Director
Industry: 32 years | Lazard: 17 years
Managing Director
Industry: 28 years | Lazard: 17 years
Director
Industry: 30 years | Lazard: 18 years
Director
Industry: 30 years | Lazard: 1 years
Director
Industry: 49 years | Lazard: 18 years
Director
Industry: 31 years | Lazard: 18 years
Director
Industry: 41 years | Lazard: 18 years
Managing Director
Industry: 23 years | Lazard: 17 years
Director
Industry: 24 years | Lazard: 17 years
Notes
1. As of 30 June 2026
Important Information
Information and opinions presented have been obtained or derived from sources believed by Lazard Asset Management LLC or its affiliates (“Lazard”) to be reliable. Lazard makes no representation as to their accuracy or completeness. All opinions expressed herein are as of the published date and are subject to change.
The performance quoted represents past performance. Past performance is not a reliable indicator of future results.
Allocations and security selection are subject to change.
Mention of these securities should not be considered a recommendation or solicitation to purchase or sell the securities. It should not be assumed that any investment in these securities was, or will prove to be, profitable, or that the investment decisions we make in the future will be profitable or equal to the investment performance of securities referenced herein. There is no assurance that any securities referenced herein are currently held in the portfolio or that securities sold have not been repurchased. The securities mentioned may not represent the entire portfolio.
Equity securities will fluctuate in price; the value of your investment will thus fluctuate, and this may result in a loss. Securities in certain non-domestic countries may be less liquid, more volatile, and less subject to governmental supervision than in one’s home market. The values of these securities may be affected by changes in currency rates, application of a country’s specific tax laws, changes in government administration, and economic and monetary policy. Small- and mid-capitalization stocks may be subject to higher degrees of risk, their earnings may be less predictable, their prices more volatile, and their liquidity less than that of large-capitalization or more established companies’ securities.
A quantitative investment strategy relies on quantitative models and quantitative filters, which, if incorrect, may adversely affect performance.
The ICE BofA MOVE Index is a yield curve weighted index of normalized implied volatility on one-month Treasury options. The index is unmanaged and has no fees. One cannot invest directly in an index.
The indices referenced in this document are included merely to show general trends in the market during the periods indicated and are not intended to imply that investments made pursuant to the strategy are or will be comparable to any index in either composition or element of risk. The strategy is not restricted to securities comprising any index. The strategy may use various investment techniques not reflected in an index. The indices referenced herein are unmanaged and have no fees. One cannot invest directly in an index. There is no guarantee that the strategy’s performance will meet or exceed any index.
Certain information contained herein constitutes “forward-looking statements” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “intent,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events may differ materially from those reflected or contemplated in such forward-looking statements.
This document reflects the views of Lazard Asset Management LLC or its affiliates (“Lazard”) based upon information believed to be reliable as of the publication date. There is no guarantee that any forecast or opinion will be realized. This document is provided by Lazard for informational purposes only. Nothing herein constitutes investment advice or a recommendation relating to any security, commodity, derivative, investment management service, or investment product. Investments in securities, derivatives, and commodities involve risk, will fluctuate in price, and may result in losses. Certain assets held in Lazard’s investment portfolios, in particular alternative investment portfolios, can involve high degrees of risk and volatility when compared to other assets. Similarly, certain assets held in Lazard’s investment portfolios may trade in less liquid or efficient markets, which can affect investment performance. Past performance does not guarantee future results. The views expressed herein are subject to change, and may differ from the views of other Lazard investment professionals.
This document is intended only for persons residing in jurisdictions where its distribution or availability is consistent with local laws and Lazard’s local regulatory authorizations. Please visit www.lazardassetmanagement.com/globaldisclosure for the specific Lazard entities that have issued this document and the scope of their authorized activities.
The MSCI World Index is a free-float-adjusted market capitalization index that is designed to measure global developed market equity performance comprised of developed market country indices.
The index is unmanaged and has no fees. One cannot invest directly in an index.
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