Fixed Income
Our expertise
Lazard Frères Gestion's bond management consists of four complementary divisions dedicated to different strategies: Absolute Return (absolute performance management), Aggregate (Investment Grade, monetary), High Yield, and Subordinated Financial Debt (AT1, Tier 2 in particular). Lazard Frères Gestion thus stands out for its niche expertise in certain segments of the bond markets.
In recent years, Lazard Frères Gestion's bond management has grown significantly, from €4 billion in assets under management in 2018 to nearly €15 billion today.
Our key figures*
-
€6.9 Bn
SRI-labelled assets under management
-
5 Stars
UN PRI certification since 2021 for our ESG investment policy
-
12 Funds
SRI-labelled
-
3 funds
Article 9 SFDR
*January 1, 2025
Our Absolute Return management
Lazard Frères Gestion offers a range of funds designed to generate positive annual returns regardless of market conditions. This strategy provides considerable flexibility to take advantage of opportunities identified across all segments of the fixed income markets. These funds are managed very actively, with the possibility of building tactical short-term positions. In addition to its flagship expertise in this area, Lazard Frères Gestion applies this approach to the green bond and sovereign debt segments.
Our Aggregate management
In addition to its money market funds, Lazard Frères Gestion has significant expertise in the investment grade market, both sovereign and corporate. Companies can issue debt in various formats, including senior debt, hybrid debt, green bonds and SLBs. Our expertise in these different segments enables us to offer our clients a range of strategies, including pure investment grade funds, maturity funds, short duration funds and Article 9 funds.
Our Corporate High Yield management
Lazard Frères Gestion has significant expertise in the European high yield market. We offer dedicated funds and mandates in this market segment, including maturity funds.
Our management of subordinated financial debt
The subordinated debt segment is one of Lazard Frères Gestion's key areas of expertise, with over €7 billion under management in this segment. Thanks to its in-depth knowledge of European banking and insurance issuers, Lazard Frères Gestion manages two open-ended funds invested primarily in AT1 and Tier 2 securities, as well as dedicated funds and management mandates.
