A-rating restored to Lazard fund

Lazard had the A-rating on the Lazard European Alpha fund re-instated by Old Broad Street Research last week. The fund lost its rating following the departure of Gabrielle Boyle from the fund in March. Boyle was replaced by Aaron Barnfather who joined the group from Newton. Since Barnfather’s appointment the fund has produced a loss of 0.9% over six months against an Investment Management Association Europe ex UK sector average fall of 3.1%, placing it in the second quartile.