Lazards is reducing the growth bias in its Growth and Worldwide fund of funds following the departur...
Lazards is reducing the growth bias in its Growth and Worldwide fund of funds following the departure of previous manager John Chatfeild-Roberts last month, writes Fiona Henderson. Since Chatfeild-Roberts left with his team to Jupiter, the management of his funds has been outsourced to IMS, headed up by Richard Timberlake. Timberlake said: "Changes to the fund will be made gradually as we interview the fund managers of each holding. We have inherited stocks from Chatfeild-Roberts who we respect tremendously. His investment style is very similar to our own so only around 10-15% of th...
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