- There’s a level of “frustration” among professional investors, who think investment bank Lazard is undervalued.
- An anonymous survey of more than 50 investment funds found many thought the bank should consider a shift in strategy.
- Recommendations included more share buybacks and a potential split of its two main operating divisions.
Boutique investment bank Lazard has a 170-year history of providing expert financial advice to clients.
But according to the results of an industry survey, many professional investors think the bank should consider a shift in its own strategy to boost shareholder returns.See the rest of the story at Business Insider
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