The team’s unique approach to international equities now also benefits from LAM’s research-based culture and institutional quality infrastructure. As of December 31, 2017, LAM had $222 billion of assets under management, including approximately $54 billion in international equity strategies.
The team continues to run a value-based investment approach designed to identify and exploit company-specific inflection points in under-followed non-U.S. mid-cap equities.
International mid-caps have less coverage, most global funds are heavily invested in the U.S., and regional funds lack the flexibility to invest across geographies.
The team directs its research at mid-cap companies outside the U.S, across both developed and emerging markets. This geographic flexibility enables the team to hunt where the most lucrative opportunities can be found, providing diversifying non-U.S. exposures that many capital allocators lack. The team’s deep experience navigating local market tendencies and biases allows them to be early in names when other market participants have a differing view. Learn more about the Lazard International Equity Value Fund.