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Lazard Asset Management Launches Emerging Markets Core Equity Fund

Lazard Asset Management LLC (LAM) today announced the launch of the Lazard Emerging Markets Core Equity Portfolio (the “Portfolio”) (NASDAQ: Institutional: ECEIX, Open: ECEOX).

The Portfolio seeks to achieve a consistent pattern of performance with lower volatility of alpha by investing in emerging markets companies at all stages of development, including small and large capitalization, growth and value opportunities. The team employs a flexible approach that allows for systematic evaluation of companies with different capital structures. The Portfolio is based on an existing strategy that the team has managed since inception in 2009.

The Portfolio is managed by the Lazard Emerging Markets Core Equity team, including portfolio managers Stephen Russell, Thomas Boyle and Paul Rogers, who have worked together on emerging markets strategies for over ten years and have over 15 years of investment experience in the emerging markets. They are supported by a dedicated research team as well as Lazard’s global resources, which include global sector specialists and more than 50 investment professionals dedicated to emerging markets.

“The Lazard Emerging Markets Core Equity team has a highly disciplined and thoughtful investment process, and has been an important addition to Lazard,” said James Donald, Head of Lazard Asset Management’s Emerging Markets Group. “The Lazard Emerging Markets Core Equity Portfolio complements our existing emerging markets fund offerings, which include relative value, relative growth, debt, and multi-asset.”

“We believe that by avoiding style and size biases, and investing across a broad spectrum of companies at various stages of development, the Lazard Emerging Markets Core Equity Portfolio is well positioned to capitalize on the evolving opportunities in the emerging markets universe,” said Stephen Russell, Portfolio Manager.

About Lazard

Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 40 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. As of September 30, 2013 LAM and affiliated asset management companies managed US$ 176 billion worth of client assets. For more information on Lazard, please visit www.lazard.com.

The value of your investment in the Portfolio will fluctuate, which means you could lose money. Equity securities will fluctuate in price; the value of your investment will thus fluctuate, and this may result in a loss.

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