Lazard Global Total Return & Income Fund
LGI
18 hedge funds and large institutions have $45.8M invested in Lazard Global Total Return & Income Fund in 2014 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 3 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
2% less capital invested
Capital invested by funds: $46.8M → $45.8M (-$998K)
2.32% less ownership
Funds ownership: 27.99% → 25.67% (-2.3%)
14% less funds holding
Funds holding: 21 → 18 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$546K |
| 2 |
Morgan Stanley
New York
|
+$168K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$137K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$109K |
| 5 |
ACP
Aviance Capital Partners
Naples,
Florida
|
+$54K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.49M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.42M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$1.04M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$509K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$493K |
LGI Hedge Fund Activity: Q2 2014 in Review
18 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q2 2014, worth a combined $45.8M — down 2.1% from $46.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of LGI and 0 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 8 added.
The largest buyer was Raymond James & Associates, adding an estimated $546K. The largest seller was Karpus Investment Management, cutting an estimated $1.49M.
- 18 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q2 2014, down from 21 in Q1 2014.
- Funds reported $45.8M of Lazard Global Total Return & Income Fund stock for Q2 2014, down 2.1% quarter-over-quarter.
- 0 funds opened new Lazard Global Total Return & Income Fund positions in Q2 2014 and 3 closed out, a net change of -3 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q2 2014 was Raymond James & Associates, an estimated $546K added.
- The largest Lazard Global Total Return & Income Fund seller in Q2 2014 was Karpus Investment Management, an estimated $1.49M sold.
Based on aggregated 13F filings for Q2 2014.