NEW YORK--(BUSINESS WIRE)--Lazard Asset Management LLC (LAM) today announced the expansion of its US equity capabilities with the addition of Frank Sustersic, Director and Portfolio Manager.
Based in LAM’s new Radnor, PA office, Mr. Sustersic will manage two new small cap equity strategies, the Lazard US Small Cap Equity Growth strategy and the Lazard US Small Cap Equity Growth Concentrated strategy. Both strategies will be available to investors as separately managed accounts beginning in mid-July, and LAM plans on launching a mutual fund for the US Small Cap Equity Growth strategy on August 30, 2014. Mr. Sustersic joins LAM from Turner Investments where he was a Senior Portfolio Manager and Principal, serving as the lead Portfolio Manager for the Turner Emerging Growth Fund (TMCOX) from its inception in February 1998 until April 2014.
"With 23 years of experience, Frank brings deep investment expertise and a proven track record of success to LAM,” said Andrew Lacey, Deputy Chairman, US and Global Strategies. “The addition of a demonstrated small cap growth capability will be a valuable addition to our existing investment platform.”
An indirect subsidiary of Lazard Ltd (NYSE:LAZ), LAM offers a range of equity, fixed-income, and alternative investment products worldwide. As of March 31, 2014, LAM and affiliated asset management companies in the Lazard Group managed $189 billion worth of client assets, including $17.7 billion in US equity strategies. For more information about LAM, please visit www.Lazardnet.com.
Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.