John W. Rogers Jr. acquired 6.77 Million Lazard shares worth $262 Million. That's 2.60% of their equity portfolio (8th largest holding). The investor owns 7.69% of the outstanding Lazard stock. The first Lazard trade was made in Q1 2013. Since then John W. Rogers Jr. bought shares 22 more times and sold shares on 21 occasions. The stake costed the investor $259 Million, netting the investor a gain of 1.3% so far.
Ariel Investments, an investment management firm, published its “Ariel Focus Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here.
Insider Monkey, about 2 years agoApollo Global Management is bringing on former Lazard investment banking chairman William M. Lewis Jr. as a senior partner.
Pensions & Investments, over 2 years ago"Lazard is probably our favorite right now," said Ariel Investments' John Rogers.
CNBC, over 3 years ago