Lazard US Equity Concentrated Portfolio (LEVIX)
Lazard US Equity Concentrated Portfolio operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $14.59, up 1.97% on the session, giving a market capitalisation of $1.43B. Its beta of 1.19 implies it has historically moved more than the broad market.
The Lazard US Equity Concentrated Portfolio primarily allocates capital to common stocks of U.S.-based companies, spanning all market capitalizations. It maintains a highly focused investment approach, typically holding positions in a select group of 15 to 35 companies. These enterprises generally boast market capitalizations exceeding $350 million. Its investment objective is to achieve performance superior to recognized broad-based equity market benchmarks, such as the S&P 500®, Russell 1000®, and Russell 3000® Indices. During typical market environments, at least 80% of its total assets are committed to U.S. equity securities. Notably, this fund operates as a non-diversified investment vehicle.
Lazard US Equity Concentrated Portfolio is most often compared with the following Financial Services names: