TORONTO, Jan. 23, 2013 /CNW/ - Brandes Investment Partners & Co. (Brandes) is pleased to announce a new arrangement with Lazard Asset Management (LAM) to offer LAM mutual funds to retail investors in Canada. Building on the proven success of the alliance with Sionna Investment Managers Inc. (Sionna), this new collaboration expects to initially offer two LAM mandates focusing on global dividend opportunities and emerging market equity and debt opportunities. LAM's investment culture and style complements the offerings of both Brandes and Sionna. All three firms have a strong bias to fundamental bottom-up stock selection and are known for their proprietary research approach and capabilities.
"Brandes has been doing business in Canada for almost 40 years" said Charles Brandes, Chairman, Brandes. "In fact, my first client was a Canadian, so I'm delighted that we are taking this step to further expand our commitment to Canadian investors by partnering with another world class manager."
With more than 280 investment personnel worldwide, LAM's diversified global investment platform manages in excess of $US146 billion (as of September 30, 2012) and is noted for its emerging markets capabilities and success. Possessing a disciplined investment style that remains consistent through all market environments, LAM's research-driven investment process focuses on financial productivity and valuation.
"Brandes has become synonymous with high-quality, value-added investment solutions designed for the discerning investor seeking long-term wealth generation," says Brandes President Carol Lynde. "Six years ago, Sionna and Brandes created an innovative and enduring strategic alliance that provides strong incentives to do what is best for clients in the long run. It has proven to be a great success; we believe collaborating with LAM will extend that success.""We are pleased that the distribution model Brandes has created will provide Canadian investors the opportunity to access LAM's products," says Charles Carroll, Deputy Chairman, Lazard Asset Management. "LAM has a history and a culture of providing high quality investment solutions for our clients worldwide. We look forward to leveraging our success in global and emerging markets to benefit Canadian investors." "Remaining independent but still able to offer investors' choice has proven to be a winning combination" adds Kim Shannon, President of Sionna Investment Management. "At Sionna, we are excited that investors have even greater flexibility and breadth of offering as Lazard joins the platform." There is no impact to each company's individual operations and institutional business lines under the new retail arrangement.