John W. Rogers Jr. acquired 5.75M Lazard shares worth $316M. That's 3.32% of their equity portfolio (3rd largest holding). The investor owns 5.87% of the outstanding Lazard stock. The first Lazard trade was made in Q1 2013. Since then John W. Rogers Jr. bought shares 25 more times and sold shares on 24 occasions. The stake costed the investor $220M, netting the investor a gain of 44% so far.
Ariel Investments, an investment management company, released its ¡°Ariel Small Cap Value Strategy¡± first-quarter 2024 investor letter. A copy of the letter c...
Ariel Investments, an investment management firm, published its ¡°Ariel Focus Fund¡± fourth quarter 2021 investor letter ¨C a copy of which can be downloaded here.
Apollo Global Management is bringing on former Lazard investment banking chairman William M. Lewis Jr. as a senior partner.
"Lazard is probably our favorite right now," said Ariel Investments' John Rogers.