Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX)
Lazard Enhanced Opportunities Portfolio Open Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $9.79, up 0.00% on the session, giving a market capitalisation of $77.1M. Its beta of 0.07 implies it has historically moved less than the broad market.
The primary objectives of this investment are to generate ongoing income and foster significant capital growth over an extended timeframe. To accomplish these aims across various market conditions, the fund implements a hedged investment methodology, predominantly allocating assets to convertible debt instruments and preferred equities, which may encompass those rated below investment grade, often referred to as 'junk bonds'. While the portfolio generally prioritizes businesses domiciled in the United States, it retains the flexibility to invest in non-U.S. entities, including through mechanisms like depositary receipts and direct stock ownership. Notably, this fund operates as a non-diversified vehicle.
Lazard Enhanced Opportunities Portfolio Open Shares is most often compared with the following Financial Services names: