Lazard Asset Management Expands Quantitative Equity Platform with Addition of U.S. Systematic Team

NEW YORK–(BUSINESS WIRE)–Lazard Asset Management LLC (LAM), today announced the expansion of its
quantitative equity platform with the addition of a San Francisco-based
investment team.

The new Lazard U.S. Systematic Equity team comprised of Oren Shiran,
Philip Summe, Stefan Tang, and Seavan Sternheim, focuses on capturing
fundamental insights within a quantitative framework. The systematic
investment process employed by the team utilizes a multi-model approach
to consistently identify and capture compelling inefficiencies.
Currently, the team invests in companies listed in the U.S. with a
market capitalization below $10 billion and manages long-only and
long/short portfolios.

The team joins LAM from Baylight Capital, which they founded in 2013.
Each team member brings with them diverse knowledge and experience
across disciplines, including financial markets, mathematics, and
computer science.

“We are pleased to welcome Oren, Philip, Stefan and Seavan to LAM. Their
differentiated approach and unique perspectives will enhance our global
investment platform and add value for our clients,” said Nathan Paul,
Chief Business Officer of LAM. “The team will bolster our quantitative
equity, US equity and alternative investment capabilities, providing our
clients with additional investment solutions to meet their evolving
needs.”

About Lazard Asset Management (LAM) LLC

An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s
investment manager, offers a range of equity, fixed-income, and
alternative investment products worldwide. As of May 31, 2019, LAM and
affiliated asset management companies in the Lazard Group managed $228.7
billion worth of client assets. For more information about LAM, please
go to www.LazardAssetManagement.com.
Follow LAM at @LazardAsset.

LAZ-AM

Contacts

For media inquiries:
Hillary Yaffe, Lazard Asset Management
+1
212 632 6528
hillary.yaffe@lazard.com