Lazard Asset Management has launched a multi-asset fund targeting volatility levels of between 4 and 8 per cent.
The Diversified Return vehicle, which is benchmark-agnostic, will focus on equities, fixed income and other diversifying assets in a bid to achieve returns with managed volatility.
The portfolio will be run by the asset manager's multi-asset team, led by Jai Jacob (pictured). The team currently manages $4bn (£3.2bn) in assets across a range of products.
"By combining top-down market forecasts, individual security selection, and robust risk management, the fund aims to protect investors’ capital while delivering a consistent pattern of returns," said Mr Jacob.
The fund will be domiciled in Dublin, with an ongoing charges figure of 1 per cent.
