Lazard's Flood 'open' to energy and financials if Trump keeps word on fiscal plans but taking wait and see approach

Concentrated portolio remains unchanged following election

Daniel Flynn
clock • 2 min read

Martin Flood, co-manager of the $333m Lazard US Equity Concentrated fund, said he would be "open-minded" on cyclicals like financials and energy if President-Elect Donald Trump follows through on his pre-election rhetoric, but added the economic impacts of his presidency are currently too speculative to position his portfolio around.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Tributes paid to 'much-loved and highly-respected' Ruli Viljoen

Tributes paid to 'much-loved and highly-respected' Ruli Viljoen

Inspirational figure in the investment industry

Katrina Lloyd
clock 20 January 2026 • 6 min read
Retail investors trading habits 'astute' and highly active heading into regulatory 'tectonic shift'

Retail investors trading habits 'astute' and highly active heading into regulatory 'tectonic shift'

Inaugural Winterflood retail report

Eve Maddock-Jones
clock 19 January 2026 • 2 min read
Partner Insight: Diversification proves its worth as markets reset

Partner Insight: Diversification proves its worth as markets reset

Vanguard Europe
clock 22 December 2025 • 1 min read
Trustpilot