Richard Reiss - Lazard Global Lead Independent Director

LGI Fund  USD 16.71  0.08  0.48%   
Richard Reiss is Fund Manager at Lazard Global Total
Mr. Richard Reiss, Jr. is the Independent Director of Lazard Global Total Return Income Fund Inc. He is the founder and Chairman of Georgica Advisors LLC and its affiliated entities, Reiss Capital Management and Value Insight Partners. Previously, Mr. Reiss was Managing Partner of Cumberland Associates and its three investment funds and a Senior Vice President and Director of Research at Shearson Lehman Brothers
Age 74
Tenure 9 years
Phone212 632 6000
Webhttps://www.lazardnet.com/lam/us/closedfunds_lgi.shtml
Reiss has served on the boards of a number of companies and nonprofit organizations. He received an AB, cum laude, from Dartmouth College and a JD from New York University School of Law.

Lazard Global Management Performance (%)

The company has Return on Asset of 0.34 % which means that on every $100 spent on assets, it made $0.34 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (17.3) %, meaning that it generated no profit with money invested by stockholders. Lazard Global's management efficiency ratios could be used to measure how well Lazard Global manages its routine affairs as well as how well it operates its assets and liabilities.
Lazard Global Total has 26.68 M in debt with debt to equity (D/E) ratio of 0.13, which may show that the company is not taking advantage of profits from borrowing. Lazard Global Total has a current ratio of 0.12, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Lazard Global until it has trouble settling it off, either with new capital or with free cash flow. So, Lazard Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Lazard Global Total sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lazard to invest in growth at high rates of return. When we think about Lazard Global's use of debt, we should always consider it together with cash and equity.

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Lazard Global Total Return and Income Fund, Inc. is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. Lazard Global Total Return and Income Fund, Inc. was formed on January 27, 2004 and is domiciled in the United States. Lazard Global operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.

Management Performance

Lazard Global Total Leadership Team

Elected by the shareholders, the Lazard Global's board of directors comprises two types of representatives: Lazard Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lazard. The board's role is to monitor Lazard Global's management team and ensure that shareholders' interests are well served. Lazard Global's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lazard Global's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard Reiss, Lead Independent Director
Stephen Clair, CFO, Treasurer and VP Of Lazard Asset Management LLC-Investment Manager
Christopher Snively, Chief Financial Officer, Treasurer
Trevor Morrison, Independent Director
Jessica Falzone, Assistant Secretary
Nathan Paul, President, Chief Executive Officer, Director
Ashish Bhutani, Director
Cesar Trelles, Assistant Treasurer
Robert Solmson, Independent Director
Mark Anderson, Chief Compliance Officer, Vice President Secretary
Franci Blassberg, Independent Director
Nancy Eckl, Independent Director
Shari Soloway, Assistant Secretary
Kenneth Davidson, Independent Director

Lazard Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Lazard Global a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Lazard Fund

Lazard Global financial ratios help investors to determine whether Lazard Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lazard with respect to the benefits of owning Lazard Global security.
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