Lazard Asset Management LLC

Lazard Asset Management LLC provides discretionary portfolio management and advisory services across a broad platform of equity, fixed income and alternative strategies, and also delivers model portfolios and multi-asset solutions to intermediaries and institutional clients. Its client base, as described in the brochure, includes individuals and high‑net‑worth families as well as institutional investors such as corporations, pension and Taft‑Hartley plans, endowments, foundations, mutual funds, private funds, sovereign wealth funds, banks and other investment advisers.

LAM’s investment process is organized around a team‑based “integrated knowledge” research model in which independent portfolio teams share proprietary research while making portfolio decisions consistent with each strategy’s objectives and client guidelines. Portfolio teams deploy a range of tools — from fundamental and quantitative models (including limited AI elements) to OTC derivatives and FX overlays — and incorporate ESG considerations under a firm Investment Stewardship Policy and UN PRI affiliation where consistent with client objectives.

The brochure highlights several features that are less common among large enterprise advisers: LAM is registered as a commodity pool operator and commodity trading advisor with the CFTC and NFA and documents its approach to ISDA/derivatives trading (Deemed ISDA and Negotiated ISDAs); it works directly with sovereign wealth funds, banking and thrift institutions and other investment adviser clients; and it operates affiliated entities that provide distribution and brokerage services (including Lazard Asset Management Securities) and custodial relationships such as Pershing. The firm also discloses use of predecessor performance in its materials and manages assets both directly and through global affiliates under coordinated operational and compliance frameworks.