View more on these topics

Lazard Omega fund throws off constraints

Lazard is setting up a more concentrated and less benchmarkconstrained best ideas version of its top-selling UK Alpha fund.

The UK Omega fund will be managed by Tony Willis and Alan Custis, the same team behind UK Alpha, but they will adopt a more aggressive satellite proposition to sit alongside Lazard’s Alpha core range.

Omega will hold between 25 and 30 stocks compared with UK Alpha’s 40 to 50 stocks and whereas UK Alpha has a tracking error range of 4-6 per cent, Omega will not be constrained by the index.

Omega’s stock concentration means it will favour mid and large caps, targeting stocks with a market cap of more than 1bn as opposed to UK Alpha’s regular dipping into small caps and stocks with market caps of more than 250m.

The portfolio’s charging structure has yet to be confirmed, including whether or not Lazard will opt for a performance fee structure.

Over five years, Lazard UK Alpha is ranked 24th out of 216 funds in the UK all companies sector, with a AA rating from Standard & Poor’s.


Independent view – Peter Hargreaves

I am sure that other brokers, product providers and IFAs will be in the same boat as Hargreaves Lansdown. The amount of time, effort and cost involved in verifying a client’s identity is nothing less than seriously onerous. Let me state here that we take money laundering seriously and adhere strictly to the rules.

Amex signs up four more IFAs

American Express Financial Services Europe has signed up four new IFAs for its wrap service.


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm