The Evolving Nature of Global Asset Allocation
Summary: Following massive dislocations in global capital markets—from the panic of 2008, to the recovery of 2009—it seems clear that asset allocation decision-making has become far more complex than it was in prior years. Please join David Cleary, Managing Director and Portfolio Manager/Analyst, for a discussion on the changing landscape of global asset allocation, the importance of granular and tactical implementation of investment ideas, and potential opportunities to add value away from the typical asset allocation framework. Featured Speaker: David Cleary, CFA Managing Director, Portfolio Manager/Analyst David Cleary is a Managing Director of Lazard Asset Management LLC. David provides oversight and management to Lazard’s U.S.-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 product, which implements portfolio themes primarily through index and index-like investment vehicles. David works on asset allocation modeling and total portfolio risk management and sits on the LCAS Advisory Board as well as the Lazard Investment Council. Previously, he spent nine years as a Fixed Income Senior 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. David is a member of the New York Society of Security Analysts (NYSSA) as well as the CFA Institute.