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Lazard to launch European long/short equity fund

Lazard to launch European long/short equity fund

Lazard Asset Management has hired Léopold Arminjon from Henderson to run a European long/short equity strategy.

The firm said it would launch a Ucits-compliant fund for Mr Arminjon later this year.

Prior to joining Lazard, Mr Arminjon ran the €531.9 (£381m) Henderson Horizon Pan-European Alpha fund.

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The fund has slightly outperformed its index, the FTSE EPRA/NAREIT Developed Europe Capped index in the past five years, delivering a 122.2 per cent return while the index has returned 113.9 per cent.