Products January 5, 2010

Lazard Launches Infrastructure Mutual Fund

January 5, 2010 (PLANSPONSOR.com) - Lazard Asset Management LLC has announced the launch of the Lazard Global Listed Infrastructure Portfolio (GLIFX, GLFOX) - available to both institutional and individual investors.
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The Lazard Global Listed Infrastructure Portfolio is an actively managed portfolio of infrastructure companies with a minimum market capitalization of $250 million. According to the announcement, the portfolio uses a “preferred infrastructure” approach that focuses primarily on equity securities of companies that own infrastructure assets that exhibit certain desirable characteristics including longevity of the issuer, lower risk of capital loss, and revenues linked to inflation.

The portfolio also generally seeks to substantially hedge foreign currency exposure back to the U.S. dollar.

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Lazard’s Global Listed Infrastructure platform currently manages $1.98 billion in institutional mandates.

More information is at http://www.lazard.com.

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