Toronto-based Brandes Investment Partners & Co. Wednesday announced a new arrangement with global investment firm Lazard Asset Management (LAM) to offer LAM mutual funds to retail investors in Canada.
Building on the success of the Brandes alliance with Toronto-based Sionna Investment Managers Inc., this new collaboration expects to initially offer two LAM mandates focusing on global dividend opportunities and emerging market equity and debt opportunities.
Brandes notes that 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.
With more than 280 investment personnel worldwide, LAM’s diversified global investment platform manages in excess of $US146 billion (as of Sept. 30, 2012) and is noted for its emerging markets capabilities and success.
“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,” says Carol Lynde, Brandes president.
There is no impact to each company’s individual operations and institutional business lines under the new retail arrangement.
Brandes Investment Partners & Co. is an affiliate of Brandes Investment Partner L.P. of San Diego, Calif.
LAM Canada and LAM LLC are indirect subsidiaries of Lazard Ltd (NYSE: LAZ), one of the world’s preeminent financial advisory and asset management firms, which operates from 42 cities across 27 countries.