Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 98

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 98
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U.S.Core/Core PlusHigh YieldShort DurationMunicipalsCash ManagementConvertibles Emerging Markets Emerging Debt-Core/Local/Blend/CorporateCash ManagementAlternativeGlobalArbitrage/Relative ValueCommoditiesSustainable Private InfrastructurePrivate Equity Fund of FundsReal Assets Fund of FundsIlliquid Credit Fund of FundsEuropeanLong/Short EquityU.S.Quantitative Long/Short EquityNon-U.S.Japan Long/Short EquityEmerging MarketsEmerging Debt Total ReturnEmerging Income

6

In addition to the primary investment strategies listed above, we also provide other asset management services to our clients, including asset allocation and other investment advisory services, as well as locally customized investment solutions. In many cases, we also offer both diversified and more concentrated versions of our products. These products are generally offered on a separate account basis, as well as through pooled vehicles.

Distribution. We distribute our products through a broad array of marketing channels on a global basis. Marketing, sales and client service efforts are organized through a global market delivery and service network, with distribution professionals located in cities including New York, Amsterdam, Bordeaux, Boston, Brussels, Chicago, Dubai, Frankfurt, Geneva, Hamburg, Hong Kong, London, Luxembourg, Lyon, Madrid, Milan, Montreal, Nantes, Paris, Riyadh, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, Vienna and Zurich. We have developed a well-established presence in the institutional asset management arena, managing assets for corporations, labor unions, sovereign wealth funds and public pension funds around the world. In addition, we manage assets for insurance companies, savings and trust banks, endowments, foundations and charities. We are a leading firm in managing mutual funds, sub-advisory funds and separately managed accounts for many of the world’s largest broker-dealers, insurance companies, registered advisors and other financial intermediaries.

Strategy

Our strategic plan in our Asset Management business is to focus on delivering superior investment performance and client service. Investments and organizational changes made in the business, work done to scale and position our specialty products, and new vectors of growth such as wealth management and active exchange-traded fund (“ETFs”) offerings position us to drive improved business results. Over the past several years, in an effort to strengthen and expand our Asset Management business, we have:

•focused on enhancing our investment performance;

•improved our investment management platform by adding a number of senior investment professionals, including portfolio managers and analysts;

•continued to strengthen our marketing and consultant relations capabilities, including by optimizing our distribution globally;

•expanded our product