Lazard Asset Management Looks to Reinvent Asset Classifications

The firm is developing themed asset categories for investors by finding new correlations in alternative datasets.

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“Why do we have asset classes? It seems like a complete waste of time.”

This was a question put to Jai Jacob, managing director and portfolio manager at Lazard Asset Management, by one of the data scientists in his multi-asset investment team.

It was a question that made Jacob scratch his head, wondering the same thing.

And now, the asset manager is developing themed asset categories for investors by finding new correlations in alternative datasets or personalizing portfolios to fit their

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