Lazard launches offshore version of Ryan’s global fund

Lazard Asset Management is to launch an offshore version of its Global Equity Income fund run by Pat Ryan.

The group already has an onshore version of the fund but said it would now have a Dublin-listed fund with sterling and dollar share classes.

The fund has delivered a second quartile return of 107.2 per cent in its IMA Global Equity Income sector in five years, according to data from FE Analytics.

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Tony Maddock, head of third party distribution at Lazard, said the launch had been driven by client demand.