Lazard Global Total Return & Income Fund
LGI
21 hedge funds and large institutions have $46.8M invested in Lazard Global Total Return & Income Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 7 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
1% more capital invested
Capital invested by funds: $46.1M → $46.8M (+$691K)
0.74% more ownership
Funds ownership: 27.25% → 27.99% (+0.74%)
16% less funds holding
Funds holding: 25 → 21 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$805K |
| 2 |
Morgan Stanley
New York
|
+$558K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$307K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$253K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$320K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$243K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$228K |
| 4 |
Barclays
London,
United Kingdom
|
-$184K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$129K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| – | -$39K | -2,214 | Closed |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| – | -$7K | -400 | Closed |
|
28
Ameriprise
Minneapolis,
Minnesota
| – | -$4K | -200 | Closed |
|
LGI Hedge Fund Activity: Q1 2014 in Review
21 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q1 2014, worth a combined $46.8M — up 1.5% from $46.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of LGI and 3 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Raymond James & Associates, adding an estimated $805K. The largest seller was 1607 Capital Partners, cutting an estimated $320K.
- 21 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q1 2014, down from 25 in Q4 2013.
- Funds reported $46.8M of Lazard Global Total Return & Income Fund stock for Q1 2014, up 1.5% quarter-over-quarter.
- 3 funds opened new Lazard Global Total Return & Income Fund positions in Q1 2014 and 7 closed out, a net change of -4 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q1 2014 was Raymond James & Associates, an estimated $805K added.
- The largest Lazard Global Total Return & Income Fund seller in Q1 2014 was 1607 Capital Partners, an estimated $320K sold.
Based on aggregated 13F filings for Q1 2014.