Lazard Global Total Return & Income Fund
LGI
22 hedge funds and large institutions have $29.5M invested in Lazard Global Total Return & Income Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
16% more funds holding
Funds holding: 19 → 22 (+3)
2.02% more ownership
Funds ownership: 22.34% → 24.37% (+2%)
11% less capital invested
Capital invested by funds: $33M → $29.5M (-$3.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.06M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$581K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$447K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$343K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$327K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$559K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$247K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$73.1K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$51K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$30K |
LGI Hedge Fund Activity: Q3 2015 in Review
22 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q3 2015, worth a combined $29.5M — down 11% from $33M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new LGI positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $1.06M. The largest seller was Morgan Stanley, cutting an estimated $559K.
- 22 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q3 2015, up from 19 in Q2 2015.
- Funds reported $29.5M of Lazard Global Total Return & Income Fund stock for Q3 2015, down 11% quarter-over-quarter.
- 5 funds opened new Lazard Global Total Return & Income Fund positions in Q3 2015 and 2 closed out, a net change of +3 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q3 2015 was Wolverine Asset Management, an estimated $1.06M added.
- The largest Lazard Global Total Return & Income Fund seller in Q3 2015 was Morgan Stanley, an estimated $559K sold.
Based on aggregated 13F filings for Q3 2015.