Lazards offersPacific fund

Lazard Asset Management is launching a long/short Pacific and Emerging Markets hedge fund in June.

The Pacific and Emerging Market Opportunities fund will be managed by Tom Ellis and his three-man team out of New York, backed by the group's 50-strong global sector analyst division.

The fund will invest in up to 30 countries, including Asia, Latin America and Eastern Europe. The Asia portion of the fund will include the developed markets of Japan, Australia, Hong Kong and Singapore, given the lack