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SLI's A-rated Zverev: what the market is missing on Lloyds
by Sarah Miloudi on Feb 13, 2013 at 15:49
'We think M&A volumes are coming back. There's a lot of money on corporate balance sheets and, interest rates are at zero, but [at present] they lack confidence to spend,' Zverev argued.
'When this comes back we think Lazard can make some share.'
He pointed out that a number of players in this space shrunk their merger and acquisition operations when business dried up in the crisis, yet Lazard has remained committed and is ready to pounce when confidence is restored.
Zverev has been at the helm of SLI's Global Unconstrained fund since July 2010, and last September he was named head of global equities following the departure of Lance Phillips, who moved from the asset manager to Legal and General Investment Management.
Versus his typical global equity peer, Zverev has outperformed, and delivered 20.3% compared to the average manager's 13.5%, using three-year data to the end of January.
His Global Equity Unconstrained vehicle has also performed well, returning 48% over the same time horizon versus 36.2% by the FTSE World Total Return Index.
This strong run has helped earn Zverev his first Citywire A-rating.
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