Fund Manager: Timothy S. Griffen
Company: Lazard Japan Asset Management K.K. (Tokyo)
Tracing its history back to 1848, Lazard has long maintained a pre-eminent position in the world's financial marketplace. Lazard Asset Management LLC, an indirect, wholly owned subsidiary of Lazard Ltd., is known for its global perspective on investing and years of experience with global, regional and domestic portfolios. Lazard Japan Asset Management K.K. (LJAM) is the Tokyo-based investment, client servicing and marketing arm of Lazard Asset Management. Established in 1987, LJAM is regulated by the Financial Services Agency（FSA）.
With more than 250 investment personnel worldwide, we offer investors of all types an array of equity, fixed income, and alternative investment solutions from our network of local offices in eleven different countries. Our team-based approach to portfolio management helps us to serve clients effectively over time, and strong client relationships allow us to understand how to employ our capabilities to our clients' advantage.
Lazard Japanese Equity seeks mid- to long-term capital appreciation by investing in undervalued opportunities in the Japanese equity markets. The investment approach focuses primarily on fundamental, bottom-up stock selection employing a style-neutral absolute-return focused investment strategy. The portfolio typically holds between 45 and 65 securities across the full market capitalization spectrum.
Ultimately the portfolio will reflect the highest conviction ideas coming from the analyst team with the objective of identifying absolute upside potential as the highest active positions, with factor risk controlled through the inclusion of some lower conviction ideas. As bottom-up stock pickers, our main source of added value is stock selection. As such, in addition to being subject to rigorous discussion and debate prior to being included in the portfolio, all investment ideas also go through a quantitative simulation to seek to ensure that stock/industry selection risk remains high while other risk factors are minimized.