Lazard AM cuts Asia ex-Japan equity team
The $168 billion asset manager has cut its six-strong team in Singapore for commercial reasons, but denies it is exiting the city-state and re-affirms its commitment to the region.
UK fund house Lazard Asset Management has shut down the Asia ex-Japan equity strategy it had run in Singapore, but says it will remain in the city-state and is committed to the region.
It is understood there had been six people in the Singapore-based equity team led by portfolio manager Manish Singhai.
“The decision was taken from a commercial point of view based on the outlook for the asset class and the specific strategy,” a Lazard AM spokesperson told AsianInvestor. “It was n…
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