The Lazard Funds, Inc. - Lazard Global Dynamic Multi-Asset Portfolio
GDMOX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 30 Rockefeller Plaza New York NY 10112
- IPO Date
- May 27, 2016
- CIK
- 0000874964
- Similar Companies
- Business
- Lazard Global Dynamic Multi-Asset Portfolio Open Shares (GDMOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks total return through dynamic allocation across U.S. and non-U.S. equity and fixed-income strategies; the portfolio employs a proprietary process to adjust asset class weights based on evaluations of economic factors, market volatility, and probability estimates to deliver stable returns with controlled downside risk. Core offerings include diversified exposures to global equities, fixed income securities, and cash equivalents, with allocations dynamically shifted among sub-strategies such as global equity, emerging markets debt, U.S. Treasuries, and high-yield bonds; the fund maintains a benchmark-aware approach in the World Allocation category, featuring an expense ratio of approximately 0.91% and daily pricing for institutional and retail investors. Lazard Asset Management, the fund's investment manager and a subsidiary of Lazard Inc. (founded in 1848), operates this strategy from its global headquarters in New York, with presence across North America, Europe, Asia, and Australia to serve institutional and individual clients worldwide. In recent developments, Lazard Asset Management launched its first three actively managed ETFs in the U.S. in April 2025, expanding access to specialized strategies including infrastructure and small-cap equity, alongside the October 2025 debut of the Lazard Listed Infrastructure ETF (GLIX); these moves complement the firm's multi-asset capabilities demonstrated in GDMOX. Additionally, in April 2024, Lazard formed a strategic partnership with Elaia Partners to create Lazard Elaia Capital, a Paris-based venture capital entity targeting European technology investments from seed to IPO stages, with Lazard acquiring a minority stake and options for full ownership; this alliance enhances private market solutions for clients. The firm also introduced a U.S. Small Cap Equity UCITS Fund in May 2024 and pursued sustainable infrastructure acquisitions, such as Collective Energy GmbH, reflecting broader expansions in active management and alternative assets within the last two years. GDMOX itself continues as a core multi-asset offering, with related retirement share classes like GRDMX maintaining similar dynamic allocation mandates.