Lazard Asset Management·2026-04-29·via All Articles on Seeking Alpha
Summary
Equity markets worldwide fell in the first quarter amid heightened geopolitical risks, changing outlooks for global interest rates, and evolving sentiment about artificial intelligence.
Sentiment was further pressured in early February when AI company Anthropic launched new plugins tailored for the legal, finance, sales, and data marketing industries.
In the first quarter, the Lazard Opportunistic Strategies Portfolio's Institutional Shares and Open Shares fell 1.48% and 1.59%, respectively, outperforming the Global Asset Allocation Blended Index.
Diversifying investments, which represented 51.4% of the Lazard Opportunistic Strategies Portfolio at the end of the period, outperformed the MSCI World Index and US fixed income.
Lazard Asset Management feels it is prudent to move in a defensive direction given high uncertainty and large downside risks as the company monitors the situation carefully.
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Market Review
Equity markets worldwide fell in the first quarter amid heightened geopolitical risks, changing outlooks for global interest rates, and evolving sentiment about artificial intelligence (AI). At the forefront of these developments were the escalating hostilities in
