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Lazard launches European long-short fund

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Lazard has launched a European long-short fund for ex-Henderson manager Léopold Arminjon, aiming to profit from the European recovery.

Arminjon announced he was joining Lazard in June, having left Henderson in February this year when the manager merged its two European long-short strategies run by Arminjon.

The new Lazard European Alternative fund will have around 60 positions, both long and short, of European mid and large-cap companies.

Nitin Arora has joined from HSBC as portfolio manager and analyst on the fund, working alongside Arminjon.

“The nascent European recovery offers an attractive backdrop for investors, but remains complex and volatile as evidenced by the sovereign crises of the past few years,” says Arminjon.

“This strategy can take steps to adapt to these circumstances with a view to protect capital, offering the potential for a lower risk option to access European stockmarkets.”

Fund charges information was not immediately available.

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