Lazard Global Total Return & Income Fund
LGI
21 hedge funds and large institutions have $40.2M invested in Lazard Global Total Return & Income Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
17% more funds holding
Funds holding: 18 → 21 (+3)
1.6% less ownership
Funds ownership: 25.67% → 24.07% (-1.6%)
12% less capital invested
Capital invested by funds: $45.8M → $40.2M (-$5.65M)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$668K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$435K |
| 3 |
Morgan Stanley
New York
|
+$295K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$192K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$16.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.14M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.21M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$361K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$258K |
| 5 |
LPL Financial
San Diego,
California
|
-$214K |
LGI Hedge Fund Activity: Q3 2014 in Review
21 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q3 2014, worth a combined $40.2M — down 12% from $45.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new LGI positions and 1 closed out — a net gain of 3 holders — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $668K. The largest seller was 1607 Capital Partners, cutting an estimated $2.14M.
- 21 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q3 2014, up from 18 in Q2 2014.
- Funds reported $40.2M of Lazard Global Total Return & Income Fund stock for Q3 2014, down 12% quarter-over-quarter.
- 4 funds opened new Lazard Global Total Return & Income Fund positions in Q3 2014 and 1 closed out, a net change of +3 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q3 2014 was Raymond James & Associates, an estimated $668K added.
- The largest Lazard Global Total Return & Income Fund seller in Q3 2014 was 1607 Capital Partners, an estimated $2.14M sold.
Based on aggregated 13F filings for Q3 2014.