Lazard Asset Management Wins Standard & Poor's Fund Award.LONDON London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. -- Lazard Asset Management (LAM) today announced that it has won the Standard & Poor's UK Marketed Class Specialist Group honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. . The annual award recognizes the fund manager with the best risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. over a five-year period for the entire range of funds distributed in the UK by a specialist group. "This award is special because it measures the success of not just one fund, but, rather, a range of funds," said LAM CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ashish Bhutani. "It is also a tribute to our outstanding investment professionals who continue to deliver strong and consistent performance for our clients across local, regional and global strategies." As part of S&P's selection process, it evaluated fund managers with between four and 25 funds, in four or more sectors that are distributed in the UK. S&P selected LAM after reviewing 14 of its funds, spread across 10 sectors. Within the wide array of products offered by LAM, these funds represent a broad spectrum of strategies managed around the world. "The S&P award is a validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of the successful research-driven, risk-reward approach that investors have come to expect from Lazard," said Bill Smith, CEO of LAM's UK business. Lazard Asset Management provides investment management and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. , institutional clients and private clients around the world. By leveraging its global perspective on investing and years of experience, the firm offers clients a broad range of traditional (equity, bond and multi-asset) and alternative investment strategies. LAM's team-based approach to portfolio management and global infrastructure helps to deliver strong and consistent performance over time. As of December 31, 2005, LAM and affiliated asset management companies in the Lazard Group managed more than $88 billion worth of client assets. For more information about Lazard Asset Management, please go to www.Lazardnet.com. |
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