Lazard Global Total Return & Income Fund
LGI
25 hedge funds and large institutions have $46.1M invested in Lazard Global Total Return & Income Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
19% more funds holding
Funds holding: 21 → 25 (+4)
9% more capital invested
Capital invested by funds: $42.4M → $46.1M (+$3.75M)
0.9% more ownership
Funds ownership: 26.35% → 27.25% (+0.9%)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.45M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$786K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$306K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$141K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$34.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$468K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$346K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$198K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$150K |
| 5 |
Morgan Stanley
New York
|
-$103K |
LGI Hedge Fund Activity: Q4 2013 in Review
25 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q4 2013, worth a combined $46.1M — up 8.9% from $42.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new LGI positions and 1 closed out — a net gain of 4 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $1.45M. The largest seller was 1607 Capital Partners, cutting an estimated $468K.
- 25 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q4 2013, up from 21 in Q3 2013.
- Funds reported $46.1M of Lazard Global Total Return & Income Fund stock for Q4 2013, up 8.9% quarter-over-quarter.
- 5 funds opened new Lazard Global Total Return & Income Fund positions in Q4 2013 and 1 closed out, a net change of +4 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q4 2013 was Raymond James Financial Services Advisors, an estimated $1.45M added.
- The largest Lazard Global Total Return & Income Fund seller in Q4 2013 was 1607 Capital Partners, an estimated $468K sold.
Based on aggregated 13F filings for Q4 2013.