Internal conflict over how Lazards' alternative fund business fits with the firm's long-only operati...
Internal conflict over how Lazards' alternative fund business fits with the firm's long-only operations, together with remuneration issues, has lead to at least seven senior staff departures since Christmas. Angus Parker, manager of the group's long-only pan-European portfolio, who left Lazards earlier this month, is the sole long-only manager to have left the group. William von Mueffling, manager of the $1.2bn European Opportunities and $800m Worldwide Opportunities hedge funds, left the group in January. Robert Cope took over running the European fund after von Mueffling departed but...
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