NAPA Firm Partners • DCIOs
Lazard Asset Management
Lord Abbett
New York, NY • lazardassetmanagement.com
Jersey City, NJ • www.lordabbett.com
Key Contact(s)
Key Contact(s)
Brandy Swift • 212.632.6954 • Brandy.Swift@lazard.com Ralph Peluso • 212.632.6731 • Ralph.Peluso@lazard.com Ty Hix • 415.623.5060 • Ty.Hix@lazard.com
Stephen Dopp • 201.827.2311 • sdopp@lordabbett.com Bret Contreras • 201.827.2409 • bcontreras@lordabbett.com
Firm Profile
• • • •
For decades, we have been managing investment portfolios and providing investment advice to institutional and individual investors around the world. Lazard Asset Management now operates from 24 cities across 17 countries with a global staff of over 800. Our more than 300 investment personnel manage $190.6 billion across a wide range of global, regional and country-specific strategies – both traditional and alternative – in listed equity and fixed income.
Primary Market(s) Served
Firm Profile
• • • • •
Independent, privately held firm 46 partners Assets under management: $198.5 billion 158 investment professionals with an average of 19 years of industry experience A singular focus on the management of money since 1929 Delivering superior long-term investment performance and a client experience that exceeds expectations Independent Perspective Commitment to Active Management Intelligent Product Design
Primary Market(s) Served Assets Managed [As of 6/30/20] Total AUM............................................................. $190,600,000,000 Total DCIO Assets ..................................................... $709,000,000
Assets Managed [As of 6/30/20]
25
Total AUM............................................................. $198,500,000,000
Asset Allocation Funds Global Dynamic Allocation • VOLT Targeted Volatility Top 5 funds by DC Assets [Fund Name / Total Assets] 1. International Strategic Equity 2. International Equity 3. Global Listed Infrastructure
Total DCIO Assets .................................................. $9,400,000,000 DCIO Assets [%] Collective Trusts .......................................................................... 12% Money Markets.............................................................................. 0% Mutual Funds............................................................................... 86% Separate Accounts ........................................................................ 0% Stable Value................................................................................... 2% Other.............................................................................................. 0% Asset Allocation Funds Multi-Asset Balanced Opportunity • Multi-Asset Income
5. Emerging Markets Equity
Top 5 funds by DC Assets [Fund Name / Total Assets] 1. Short Duration Income: $1,800,000,000
Advisor Support Services
2. Total Return (40 act and CIT): $1,700,000,000
External Wholesalers Focused on Advisors
3. High Yield: $1,200,000,000
No. of External Wholesalers [DC / Retail]
4. Developing Growth: $1,200,000,000
4. US Equity Concentrated
0 / 16
NAPA BLACK BOOK 2020
DCIO Assets [%] Collective Trusts ......................................................................... 25% Mutual Funds .............................................................................. 65% Separate Accounts ..................................................................... 10%
5. Bond Debenture: $828,000,000
Advisor Support Services External Wholesalers Focused on Advisors • External Wholesalers Focused on Institutional • Plan Benchmarking • Training for DC Plan Sales/Service • Investment Committee Meetings
No. of External Wholesalers [DC / Retail] 5 / 60
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