Lazard Global Total Return & Income Fund
LGI
28 hedge funds and large institutions have $53.2M invested in Lazard Global Total Return & Income Fund in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
8% more funds holding
Funds holding: 26 → 28 (+2)
4.09% less ownership
Funds ownership: 34.86% → 30.77% (-4.1%)
5% less capital invested
Capital invested by funds: $56.2M → $53.2M (-$2.94M)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$530K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$367K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$254K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$229K |
| 5 |
RVPG
Relative Value Partners Group
|
+$202K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.69M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.19M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.13M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$813K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$722K |
LGI Hedge Fund Activity: Q4 2017 in Review
28 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q4 2017, worth a combined $53.2M — down 5.2% from $56.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new LGI positions and 4 closed out — a net gain of 2 holders — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $530K. The largest seller was Bulldog Investors, cutting an estimated $2.69M.
- 28 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q4 2017, up from 26 in Q3 2017.
- Funds reported $53.2M of Lazard Global Total Return & Income Fund stock for Q4 2017, down 5.2% quarter-over-quarter.
- 6 funds opened new Lazard Global Total Return & Income Fund positions in Q4 2017 and 4 closed out, a net change of +2 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q4 2017 was Raymond James & Associates, an estimated $530K added.
- The largest Lazard Global Total Return & Income Fund seller in Q4 2017 was Bulldog Investors, an estimated $2.69M sold.
Based on aggregated 13F filings for Q4 2017.