Lazard Ltd., the largest independent merger adviser, hired Leopold Arminjon as a portfolio manager and analyst to run a new European long-short equity strategy in its asset-management business.
Arminjon will be based in London and plans to start the fund later this year, the Bermuda-based firm said Thursday in a statement. He was previously a lead portfolio manager at Henderson Global Investors, Lazard said.
Lazard Asset Management oversaw $180 billion as of March 31 and began a U.S.-based long-short portfolio last year, led by Dmitri Batsev and Jerry Liu. The firm also started two open-end equity funds in September to expand global offerings. Lazard generates almost half its revenue from managing money.
“This new strategy will complement our strong European equity capabilities and will broaden our already robust expertise in long-short equities, a core focus of our investment offerings for clients,” Bill Smith, chief executive officer of Lazard Asset Management London, said in the statement.
Henderson Global Investors didn’t replace Arminjon’s position, Fiona Kehily, a spokeswoman for the London-based firm, said in an interview.