Lazard Global Total Return & Income Fund
LGI
53 hedge funds and large institutions have $59.4M invested in Lazard Global Total Return & Income Fund in 2019 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 17 increasing their positions, 5 reducing their positions, and 4 closing their positions.
500% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 4
240% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 5
61% more funds holding
Funds holding: 33 → 53 (+20)
59% more capital invested
Capital invested by funds: $37.3M → $59.4M (+$22.1M)
1.08% more ownership
Funds ownership: 24.81% → 25.89% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.86M |
| 2 |
Morgan Stanley
New York
|
+$2.35M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.17M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$894K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$821K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$776K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$270K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$129K |
| 4 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$73K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$59K |
LGI Hedge Fund Activity: Q4 2019 in Review
53 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q4 2019, worth a combined $59.4M — up 59% from $37.3M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new LGI positions and 4 closed out — a net gain of 20 holders — while 17 added to existing stakes and 5 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $5.86M. The largest seller was Raymond James & Associates, cutting an estimated $776K.
- 53 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q4 2019, up from 33 in Q3 2019.
- Funds reported $59.4M of Lazard Global Total Return & Income Fund stock for Q4 2019, up 59% quarter-over-quarter.
- 24 funds opened new Lazard Global Total Return & Income Fund positions in Q4 2019 and 4 closed out, a net change of +20 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q4 2019 was Karpus Investment Management, an estimated $5.86M added.
- The largest Lazard Global Total Return & Income Fund seller in Q4 2019 was Raymond James & Associates, an estimated $776K sold.
Based on aggregated 13F filings for Q4 2019.