Lazard U.S. Short Duration Fixed Income Portfolio Q2 2024 Commentary [Seeking Alpha]
Lazard, Inc. (LAZ)
Last lazard, inc. earnings: 4/30 06:49 am
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US:NYSE Investor Relations:
investor.shareholder.com/lazard
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Source: Seeking Alpha
Follower s Follow Summary Lazard US Short Duration Fixed Income Portfolio outperformed its benchmark, driven by allocations to US Investment Grade Corporates and Asset Backed Securities, despite longer relative duration. The portfolio remains overweight in US Investment Grade Corporates and ABS, underweight in US Treasuries, favoring yield and maintaining positive convexity. Market challenges include geopolitical risks, political uncertainties, and inflation concerns, with corporate credit showing resilience but facing potential downturn risks. The Fed's potential rate cuts hinge on inflation trends, with economic resilience and fiscal policies impacting interest rate volatility and market dynamics. LdF Performance In the second quarter, the Lazard US Short Duration Fixed Income Portfolio ( MUTF: UMNIX ) rose 0.98% (net of fees), outperforming the 0.94% gain of its benchmark, the ICE Bank of America 1-3 Year US Treasury Index. The Portfolio's allocation to US Invest
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LAZ
News
- Lazard Appoints Dan Schulman as Lead Independent Director and Peter R. Orszag as Chairman of the BoardBusiness Wire
- Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in October [Yahoo! Finance]Yahoo! Finance
- Lazard Chief Executive Officer Peter R. Orszag to Speak at the 2024 Goldman Sachs U.S. Financial Services ConferenceBusiness Wire
- Lazard Hires Jennifer Tedesko as Managing Director; Expands Private Capital Advisory Business on West CoastBusiness Wire
- Lazard Reports October 2024 Assets Under ManagementBusiness Wire
LAZ
Earnings
- 10/31/24 - Miss
LAZ
Sec Filings
- 11/25/24 - Form 8-K
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- LAZ's page on the SEC website