Lazard gets FSA approval

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Lazard Asset Management has received the green light from the FSA to launch a global equity income f...

Lazard Asset Management has received the green light from the FSA to launch a global equity income fund. The vehicle will be based on the group's world dividend equity strategy run by Patrick Ryan in the US. The US version of the vehicle returned a 5.8% yield over the 12 months to 31 June, according to the group.

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