Lazard Asset Management (LAM) has announced the launch of the Lazard European Alternative Fund, to be managed by Leopold Arminjon (pictured).
The fund, which is Ucits compliant, aims to utilise bottom up stock selection and offer a liquid portfolio of approximately 60 long and short positions in European large- and mid-cap companies.
Arminjon joined LAM in June this year from Henderson Global Investors, where he was lead portfolio manager of both the Henderson Horizon Pan-European Alpha Fund and the Alphagen Tucana Fund.
Based in London, he will be supported by portfolio manager and analyst, Nitin Arora, who recently joined from HSBC, where for the past five years he was a lead equity research analyst covering asset managers, specialist lenders and international dealer brokers as well as European investment banks.
“The nascent European recovery offers an attractive backdrop for investors, but remains complex and volatile as evidenced by the sovereign crises of the past few years,” said Arminjon.
This strategy can take steps to adapt to these circumstances with a view to protect capital, offering the potential for a lower risk option to access European stock markets” he adds.