Lazard Frères

Lazard has a clear market positioning, focused on two businesses

  • Financial advisory: mergers & acquisitions, divestitures, debt restructuring, and corporate and sovereign advisory
  • Asset management: institutional investment management, distribution through external channels and wealth management


In 1848, Alexandre, Lazare and Simon Lazard, three French brothers from the Alsace region in France, found Lazard Frères & Co in New Orleans as a dry goods merchant, after migrating to the United States in the early 1840s.

Shortly after, the company moved to San Francisco to expand its trading business and develop its first foreign exchange office between Europe and the United States, before engaging in banking activities. The Paris office was established in 1854, the London branch opened in 1870 and the New York Banking House in 1880. Lazard became a global player in international banking, notably in corporate finance advisory and asset management services.

This exceptional background shaped a unique culture, passed on through the generations. Lazard has been listed on the New York Stock Exchange since May 2005, but nonetheless remains partly owned by its associates and employees.

  • 1848 The Lazard brothers found Lazard Frères & Co in New Orleans
  • 1854 Lazard Frères et Cie established in Paris
  • 1970 Lazard Asset Management established in New York
  • 1995 Lazard Frères Gestion established in Paris
  • 2000 The three Houses of Lazard merge
  • 2005 Lazard listed in New York

ASSETS UNDER MANAGEMENT | Lazard Frères Gestion & Lazard Asset Management

Lazard serves investors around the world through a broad range of global investment solutions and investment management services. Lazard Asset Management operates across 25 countries throughout North America, Europe and Asia, as well as in Australia. The group focuses on strategies drawing on rigorous, detailed analysis and dynamic asset management.

Learn more about Lazard Asset Management

KEY FIGURES as of 31 December 2021

+ 170

Years of expertise in international

1050 +Employees
A success built across several generations, with client relationships established over time and based on discretion.

Lazard Frères Gestion combines the power of a large global organisation with the flexibility of a small entrepreneurial-style business, focusing on asset management and advisory services for individual and institutional clients.

Our primary goal is to deliver performance for our clients through a bespoke service. We empower our investment professionals to make independent investment solutions and encourage them to provide creative solutions.

With offices in Paris, Lyon, Bordeaux, Nantes, Brussels and Luxembourg, Lazard Frères Gestion manages €37,2 billion of assets on behalf of institutional and individual clients.


15 countriesDistribution
Lazard Frères Gestion enjoys the advantage of being part of a large global organisation, while selecting its asset management strategies independently.


Financial assets are an important source of funding for the real economy. It is our conviction that the economy is cyclical, with ensuing short- and medium-term economic cycle impacts on financial markets. Volatility and speculative bubbles can make an asset's market price fluctuate versus its fair value in the short term, though not in the long term. Outperformance is generated by our team’s ability to recognise the different phases of the cycle in the long term.


Strong investment culture

Our specific investment culture naturally leads us to focus on a value creating dynamic and  fundamental asset management. Above all, we start by selecting companies. Each of our investment decisions is based on a rigorous analysis, an in-depth financial research and a stringent assessment of financial statements.

  • Financial assets provide key investment opportunities for institutional and individual investors.
  • Their ever-growing number and complexity require a rigorous selection process to create value in the long term.
  • Lazard Frères Gestion seeks to achieve this through investment solutions combining the macroeconomic and microeconomic skills of its experts.


Long-term value-creating investment solutions

Each investor's requirements are unique, and therefore Lazard Frères Gestion has strengthened its expertise around complementary strategies to provide the best possible investment solutions across asset classes.

Lazard Frères Gestion’s development strategy combines asset management expertise and trustful client relationships. It is based on coherent and transparent investment processes, and offers the following solutions:

  • A range of both generalist and specialist UCIs
  • Dedicated funds and investment mandates expertise
  • A bespoke financial advisory service for our clients
Euro-Europe International Thematics

Large Caps
Lazard Actions Euro
Lazard Equity SRI – Zone euroLabel ISR
Lazard Alpha Euro SRI
Lazard Alpha Europe
Norden SRI - Nordic countriesLabel ISR
Norden Family - Nordic countries
Lazard Patrimoine Actions SRILabel ISR
Lazard Patrimoine PEA
Mid Caps / Small Caps
Lazard Mid Caps Europe
Lazard Small Caps Euro SRILabel ISRLabel Relance
Lazard Small Caps France
Norden Small - Nordic countries
Lazard Investissement Microcaps
Lazard Investissement PEA-PMELabel Relance

Lazard Epargne Actions
Lazard Actions Américaines
Lazard US Equity Concentrated(2)
Lazard Japon
Emerging markets
Lazard Actions Emergentes(1)

Lazard Equity SRI – Zone euroLabel ISR
Lazard European Innovation
Lazard World Innovation
Minimum Variance
Lazard Dividend LowVol SRI – Zone euroLabel ISR
Lazard Equity Recovery
Rate hikes
Lazard Equity InflationLabel ISR
Listed real-estate
Lazard Actifs Réels – Zone euro
Lazard Global Listed Infrastructure Equity Fund(2)
Lazard Global Managed Volatility Fund(2)
France Relance
Lazard France RelanceLabel Relance


Lazard Euro Credit SRILabel ISR
Lazard Euro Corp High Yield
Short-term bonds
Lazard Sustainable Euro Short DurationLabel ISR
Lazard Euro Short Duration High Yield SRILabel ISR
Lazard Stratégies Obligataires
Buy & Monitor
Lazard Credit 2024
Lazard Sustainable Credit 2025

Emerging markets
Lazard Emerging Markets Bond Fund(2)
Lazard Emerging Markets Local Debt Fund(2)
Lazard Emerging Markets Debt Blend Fund(2)
Lazard Emerging Markets Debt Unrestricted Blend Fund(2)
Lazard Emerging Markets total Return Debt Fund(2)
Lazard Credit Opportunities
Lazard Gestion Flexible Obligataire

Lazard Credit Fi SRI – EuropeLabel ISR
Lazard Capital Fi SRI – EuropeLabel ISR
Lazard Global Hybrid Bonds

Convertible bonds

Lazard Convertible Europe
Lazard Convertible Euro Moderato – Zone euro

Lazard Convertible Global

Multi-asset class  

Flexible defensive
Lazard Patrimoine Moderato
Lazard Patrimoine SRILabel ISR
Flexible moderate
Lazard Patrimoine Opportunities SRILabel ISR
Lazard Patrimoine Equilibre
Lazard Gestion Flexible
Flexible dynamic
Lazard Patrimoine Croissance
Lazard Patrimoine USD


Long/Short equity
Lazard European Alternative Fund(2)
Market Neutral
Lazard Dividendes Min Var Absolute Return

Long/Short Actions
Lazard Long Short Flexible
Global hedged convertible
Lazard Rathmore Alternative Fund(2)


Monetary euro
Lazard Euro Short Term Money Market
Lazard Euro Money Market

Monetary dollar
Lazard USD Money Market


(1) UCITS with management delegated to Lazard Asset Management.
(2) UCITS managed by Lazard Asset Management.

Our primary goal is to deliver performance to our clients.
  • A large increase in assets under management over the past 10 years, an expertise in all main asset classes
  • Tailor-made services adapted to a wide range of clients
Global economic and fundamental research is the foundation of our investment approach and strategy


25, rue de Courcelles
75 008 Paris
+33 (0)1 44 13 04 61


8, rue du Château Trompette
33 000 Bordeaux
+33 (0)5 56 44 30 00


29 place Bellecour
69 002 Lyon
+33 (0)4 72 69 95 80


4, rue Racine
44 000 Nantes
+33 (0)2 28 08 28 78


Blue Tower
Avenue Louise, 326
1050 Bruxelles
+32 (0)2 627 08 80


39, Boulevard Royal,
L-2449 Luxembourg
+352 273 00 810