Lazards is to close down several of its offshore funds as part of a rationalisation of its various D...
Lazards is to close down several of its offshore funds as part of a rationalisation of its various Dublin-domiciled and FSA-recognised Ucits umbrellas in preparation for a marketing push into Europe at the start of next year. Rupert Tyer, managing director of Lazards, said: "We want to modernise the product range ready for a more significant focus on our offshore business." The group will not announce which funds are to be closed until it has written to investors, but the Sterling Liquidity fund and the Dollar Liquidity fund are looking strong contenders due to the small size of assets u...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes