Lazard starts Opportunities fund after Matrix UCITS closure

Thu Sep 27, 2012

Lazard Asset Management has opened a new Lazard Opportunities Fund following the recent closure of Matrix Asset Management’s UCITS fund platform – creating a new onshore European investment vehicle for US-based manager Sean Reynolds’ successful capital structure and convertible arbitrage strategy.

The newly-launched Lazard Opportunities Fund – which was launched this week – is a sub-fund of Lazard Global Investment Funds plc, the group’s Irish-registered open-ended investment company and UCITS fund platform.

Mike Wariebi, head of alternative investments, marketing and business development in Europe and the Middle East at Lazard Asset Management, commented: "The transition from Matrix to the Lazard UCITS platform has been seamless and we welcome existing and future investors."

He added: "We anticipate significant demand for the fund, as the market...

ISSN: 2151-1845 / CDC10004H

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