The fund is managed by Sean Reynolds and Frank Bianco, both with over seven years of tenure managing this specific fund and more than 30 years of industry experience each. Both managers bring extensive expertise in convertible arbitrage, credit research, and portfolio management. The fund was launched on December 31, 2014, and operates under Lazard Asset Management LLC, a well-established asset management firm headquartered at 30 Rockefeller Plaza in New York. The management team has demonstrated consistent ability to navigate various market cycles while maintaining the fund's hedged approach to risk management.

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The portfolio utilizes a hedged strategy investing primarily in convertible securities, preferred securities, equities, fixed income, options, and ETFs with the objective of capital appreciation. The strategy employs selective position- and portfolio-level hedges to minimize equity, credit, and interest rate risk. The fund uses a relative value approach, focusing on convertible securities with low volatility characteristics, primarily in small and mid-cap companies. The management team utilizes bottom-up fundamental credit, equity and quantitative analysis combined with top-down macroeconomic analysis to identify securities offering compelling value versus comparable risk-return profiles.

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