Economics
Lazard Finds Gems in Emerging Markets, Beating Peers
- Russia, Brazil among nations targeted for selective investment
- Fund focuses on trade-off between value and return on equity
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As economic and political turmoil spurred an exodus of foreign investors from some of the biggest developing nations over the past year, Rohit Chopra held firm. Now his emerging-market equity fund is standing out from the pack.
The $9.2 billion Lazard Emerging Markets Equity Portfolio is beating 93 percent of its peers in 2016. Over the past 12 months, the fund underperformed 83 percent of its competitors, according to data compiled by Bloomberg.