Investment manager

Investment Manager

About Lazard Asset Management


Lazard Asset Management is a distinguished money manager, known for providing investment management and advisory services to institutional, financial intermediary, and private clients around the world. The origins of Lazard Asset Management LLC can be traced back to the 19th century. The history of its parent company, Lazard Ltd. began in 1848, when the Lazard brothers formed a dry goods company in New Orleans. The following year the brothers took their company to San Francisco, where it expanded into banking and foreign exchange. Operations were later opened in Paris in 1852 and in London in 1870, and the company’s US business moved from San Francisco to New York in 1880. From these beginnings, Lazard Asset Management has developed a worldwide presence in the asset management investment business with offices across 16 cities in 11 countries.

Lazard Asset Management LLC was appointed as Manager of The World Trust Fund at the inception of the Fund, July 1st, 1991.

About Lazard Asset Management Click to enlarge

About the Investment Management Team

The World Trust Fund is managed by Lazard’s Discounted Assets team consisting of Kun Deng (lead Portfolio Manager/Analyst since 1997), Lee Ann Alexandrakis, Ming Zhong and Edward Keating, all located in New York, as well as David Bliss in the UK, and Mostafa Hassan in Egypt. The management team thus ensures round-the-clock coverage and research. In addition, Steuart Marshall serves as a dedicated trader to the team.

The team also leverages the research generated across Lazard’s full investment platform, which includes the local analyst teams, the sector analysts and specialty research and management teams.



Investment Management Team Click to enlarge

The Discounted Assets team identified above has responsibility for The World Trust Fund in addition to the Discounted Assets platform, which includes Global, International and Emerging Markets Discounted Assets strategies. As of March 31st, 2011, the Discounted Assets platform, including The World Trust Fund, had $3.9 billion in assets across 39 clients globally.

Kun Deng

Kun Deng, CFA

Managing Director, Portfolio Manager/Analyst
Lazard Asset Management LLC (New York)

Kun Deng is a Managing Director of Lazard Asset Management LLC, responsible for the firm's US$3.9 billion allocation to Discounted Assets Strategies with global, international, and emerging markets mandates. He has been a portfolio manager for The World Trust Fund since 1997. Kun was ranked in Citywire's "Top 100 European Fund Managers" for three consecutive years of 2005, 2006 and 2007. The Lazard Emerging World Fund, which he manages, won the "Best Fund over 10 Years" in the emerging markets category by Lipper Fund Awards 2010 Italy.

David A. Bliss

David A. Bliss

Director, Portfolio Manager/Analyst
Lazard Asset Management Limited (London)

David A. Bliss is a Portfolio Manager/Analyst on the Discounted Assets team. He began working in the investment industry in 1982. Prior to joining Lazard in 2006, David was an Executive Director of the Investment Funds Division with UBS, and a Share Exchange Administrator with Laing & Cruickshank Stockbrokers and Abbey Life Investment Services.

Lee Ann Alexandrakis

Lee Ann Alexandrakis

Vice President, Portfolio Manager/Analyst
Lazard Asset Management LLC (New York)

Lee Ann Alexandrakis is a Portfolio Manager/Analyst on the Discounted Assets team. She rejoined the firm in 2009 (having previously worked in the same team from 1991 to 2001). She began working in the investment industry in 1989. Prior to her years at Lazard, Lee Ann was an analyst at Mitsubishi Bank Trust Company covering the consumer sector. She started her career as a research assistant covering the automobile industry at Economic Consulting and Planning, Inc. Lee Ann has a MBA in Finance from New York University and a BA in English Literature from the University of Delaware.

Mostafa Hassan

Mostafa Hassan, CFA

Senior Vice President, Portfolio Manager/Analyst
Lazard Asset Management LLC (New York)

Mostafa Hassan is a Portfolio Manager/Analyst on the Discounted Assets team. He began working in the investment industry in 1995. Prior to joining Lazard in 2006, Mostafa was a Corporate Finance Manager with Swicorp-sigma in Egypt, and was previously with Concord International Investments where he participated in creating a Concord-Credit Suisse Private Banking joint venture called Swiss Egyptian Portfolio Management Co.. He has a MSc in Finance from the University of Reading, UK, and a BA in Business Administration from the American University in Cairo.

Ming Zhong

Ming Zhong, CFA

Vice President, Portfolio Manager/Analyst
Lazard Asset Management LLC (New York)

Ming Zhong is a Portfolio Manager/Analyst on the Discounted Assets team. Prior to his current role he was a Risk Manager on the Global Risk Management team. Ming has been working in the investment field since 2004. Prior to joining Lazard in 2005, Ming was with Bear Stearns and Lionel Financial Group. He has a MS in Operations Research from Columbia University and a BS in Management Science from Tianjin University in China. Ming is a member of the ACME (America China Mutual Economics) Society Board and IAFE (International Association of Financial Engineers).

Edward P. Keating

Edward P. Keating

Senior Vice President, Client Portfolio Manager
Lazard Asset Management LLC (New York)

Edward Keating is a Senior Vice President and a Client Portfolio Manager for Lazard. He began working in the investment field in 2001, upon joining Lazard. He has a BA from Iona College.

James Steuart Marshall

James Steuart Marshall

Senior Vice President, Trader
Lazard Asset Management LLC (New York)

Steuart Marshall is a Senior Vice President of Lazard Asset Management LLC, and an equity trader specializing in Discounted Assets, including Closed End Funds. He is also an Assistant Portfolio Manager/Analyst for the Discounted Assets strategies. Steuart is supported by the global trading team of Lazard. He began working in the investment field in 1990. Prior to joining Lazard in 1994, he was an account assistant at U.S. Trust Co. of New York. Steuart is a graduate of Denison University.