John Rogers Comments on Lazard

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Apr 21, 2021

Financial advisory and asset manager Lazard Ltd. (LAZ, Financial) weighed on relative performance, despite trading higher on an absolute basis in the period. Importantly, fundamentals at the asset manager remain robust and prices currently represent a healthy discount to our estimate of private market value.

From John Rogers (Trades, Portfolio)' Ariel Fund first-quarter 2021 commentary.