Lazard Global Total Return & Income Fund
LGI
25 hedge funds and large institutions have $48.9M invested in Lazard Global Total Return & Income Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 7 closing their positions.
14% more capital invested
Capital invested by funds: $43.1M → $48.9M (+$5.83M)
2.36% more ownership
Funds ownership: 33.93% → 36.29% (+2.4%)
11% less funds holding
Funds holding: 28 → 25 (-3)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$5.43M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.13M |
| 3 |
SCM
Saba Capital Management
New York
|
+$680K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$362K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$169K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$2.78M |
| 2 |
WIM
Waverton Investment Management
London,
United Kingdom
|
-$745K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$719K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$545K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$461K |
LGI Hedge Fund Activity: Q3 2016 in Review
25 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q3 2016, worth a combined $48.9M — up 14% from $43.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of LGI and 4 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Bulldog Investors, adding an estimated $5.43M. The largest seller was Matisse Capital, cutting an estimated $2.78M.
- 25 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q3 2016, down from 28 in Q2 2016.
- Funds reported $48.9M of Lazard Global Total Return & Income Fund stock for Q3 2016, up 14% quarter-over-quarter.
- 4 funds opened new Lazard Global Total Return & Income Fund positions in Q3 2016 and 7 closed out, a net change of -3 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q3 2016 was Bulldog Investors, an estimated $5.43M added.
- The largest Lazard Global Total Return & Income Fund seller in Q3 2016 was Matisse Capital, an estimated $2.78M sold.
Based on aggregated 13F filings for Q3 2016.