Lazard U.S. Equity Concentrated Portfolio Q1 2025 Commentary
2025-05-22 18:30:00 ET
Summary
- In the first quarter, the Lazard US Equity Concentrated Portfolio underperformed its benchmark, the S&P 500 Index.
- The US equity market receded in the first quarter, as US tariff plans impacted outlooks for corporate spending and economic growth.
- Decisions made under pressure are often not the best decisions, and while we don’t shy away from them when the need arises, we try to avoid them.
Market Overview
The US equity market receded in the first quarter, as US tariff plans impacted outlooks for corporate spending and economic growth....
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Lazard U.S. Equity Concentrated Portfolio Q1 2025 CommentaryNASDAQ: PCVX
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