The Lazard Rathmore strategy is a hedged convertibles strategy, best described as convertible arbitrage, where typically a long convertible bond position is hedged with a short stock position in the same company. Position-level hedges are actively traded in order to monetize market volatility. In addition to generating returns from credit and volatility ("betas"), the team's specialized approach focuses on extracting value from special situations and events ("alpha"), which supplements the traditional drivers of return to convertible arbitrage strategies and allows for a strategic, long-term approach to investing in the space.
| Type | Lazard |
|---|---|
| Alpha (trailing 3 years) | 2.38 |
| Beta (%, trailing 3 years) | 0.41 |
| Tracking Error (trailing 3 years) | 5.03 |
| R-squared (%, trailing 3 years) | 0.52 |
| Standard Deviation (%, trailing 3 years) | 4.03 |
| Sharpe Ratio (trailing 3 years) | -0.22 |
31-Jan-2025 All values in USD unless otherwise specified Performance Inception: 01-Jun-2007
Performance for periods shorter than one year has not been annualized.
Performance is presented net of all fees. The performance quoted represents past performance. Past performance is not a reliable indicator of future results.
