Lazard Opportunistic Strategies Portfolio Open Shares
LCAOX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Mar 26, 2008
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard Opportunistic Strategies Portfolio Open Shares (LCAOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks long-term capital appreciation through a tactical asset allocation strategy investing primarily in exchange-traded funds (ETFs), closed-end funds, and custom baskets across global uncorrelated assets, including US and non-US stocks, bonds, cash, commodities, real assets, currencies, and market hedges classified as trending, contrarian, or diversifying opportunities. The fund offers exposure to diverse categories such as large-cap blend equities like Vanguard S&P 500 ETF and Growth/Value variants; long-duration US Treasury bonds via iShares 20+ Year Treasury Bond ETF; international equities including iShares MSCI Japan ETF; and other sectors like technology (22.32%), financial services, and communication services, with top holdings comprising 62.65% of the portfolio. It targets institutional and retail investors in the United States with a minimum initial investment of $2,500, a net expense ratio of 1.47%, and daily pricing, maintaining total net assets of approximately $24.07 million. Launched on March 31, 2008, and domiciled in the United States, the fund operates from Lazard Asset Management LLC's headquarters at 30 Rockefeller Plaza, New York, New York, as part of Lazard's global asset management operations spanning North America, Europe, Asia, and other regions. Core services emphasize non-traditional, low-correlation investments for diversification benefits relative to broad market indices, with portfolio managers including Stephen Marra and Kim Tilley since 2017 and David Alcaly since 2023. In recent developments, the fund delivered modest performance in Q4 2024 with Open Shares retreating 0.10%, amid broader Lazard Asset Management initiatives such as strengthening emerging markets debt leadership in December 2025 through the addition of Managing Director Alex Kozhemiakin. Lazard Ltd, the parent entity, reported strong Q2 and Q3 2025 results with adjusted net revenue growth of 12% year-over-year to $770 million and $725 million respectively, alongside an ambitious 2030 strategy targeting doubled revenue through enhanced technology and client relevance. These firm-wide advancements support the fund's ongoing tactical allocations in a volatile market environment.