Lazard Global Total Return & Income Fund
LGI
50 hedge funds and large institutions have $39.9M invested in Lazard Global Total Return & Income Fund in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 10 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
1.98% less ownership
Funds ownership: 25.89% → 23.91% (-2%)
6% less funds holding
Funds holding: 53 → 50 (-3)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
33% less capital invested
Capital invested by funds: $59.4M → $39.9M (-$19.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.31M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$804K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$565K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$337K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.19M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.89M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$942K |
| 4 |
Bank of New York Mellon
New York
|
-$680K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$657K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
51
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$942K | -56,916 | Closed |
|
|
52
Bank of New York Mellon
New York
| – | -$680K | -41,100 | Closed |
|
|
CA
53
Cornerstone Advisors
Asheville,
North Carolina
| – | -$388K | -23,457 | Closed |
|
|
CF
54
Centaurus Financial
Anaheim,
California
| – | -$140K | -8,431 | Closed |
|
|
FIA
55
FNY Investment Advisers
New York
| – | -$101K | -6,139 | Closed |
|
|
SIC
56
Samalin Investment Counsel
Chappaqua,
New York
| – | -$73K | -4,456 | Closed |
|
|
APC
57
Aspire Private Capital
Cornelius,
North Carolina
| – | -$17K | -1,004 | Closed |
|
|
AWM
58
Avior Wealth Management
Omaha,
Nebraska
| – | -$9K | -550 | Closed |
|
|
CFA
59
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$6K | -407 | Closed |
|
60
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
LGI Hedge Fund Activity: Q1 2020 in Review
50 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q1 2020, worth a combined $39.9M — down 33% from $59.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of LGI and 9 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 17 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $2.31M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $4.19M sold.
- 50 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q1 2020, down from 53 in Q4 2019.
- Funds reported $39.9M of Lazard Global Total Return & Income Fund stock for Q1 2020, down 33% quarter-over-quarter.
- 9 funds opened new Lazard Global Total Return & Income Fund positions in Q1 2020 and 10 closed out, a net change of -1 holder.
- The largest Lazard Global Total Return & Income Fund buyer in Q1 2020 was Wolverine Asset Management, an estimated $2.31M added.
- The largest Lazard Global Total Return & Income Fund seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $4.19M sold.
Based on aggregated 13F filings for Q1 2020.