Is Global Diversification Dead?
Summary: Recent capital market strength has been narrowly focused on a few regions and has been dominated by the US equity market. As ongoing economic challenges remain in individual regions and geopolitical events continue to affect the market, we believe it is constructive to reassess the fundamental principles of a globally diversified portfolio. Please join David Cleary, lead Portfolio Manager/Analyst of Lazard's global asset allocation platform, as he discusses current market conditions and the outlook for global asset allocation. Featured Speaker: David Cleary, CFA Managing Director, Portfolio Manager/Analyst Lazard Asset Management LLC (New York) David Cleary is a Managing Director of Lazard Asset Management LLC. David provides oversight and management to Lazard's US-based fixed income and asset allocation platform. Additionally he is directly responsible for the management of the Lazard Capital Allocator Series ("LCAS"). LCAS is a global tactical asset allocation investment strategy. David works on asset allocation modeling and total portfolio risk management and is a member of the LCAS Advisory Board. He is also a member of the Lazard Investment Council. Previously, he spent nine years as a senior fixed income portfolio manager at Lazard with a focus on risk control, sector allocation and total portfolio management. David began working in the investment field in 1987. Prior to joining Lazard in 1994, David worked as a portfolio manager with Union Bank of Switzerland and an assistant treasurer with IBJ Schroeder, both primarily in fixed income asset management. He has a BS from Cornell University.