Lazard Asset Management has created and filled the role of Chief Investment Officer with the appointment of Eric Van Nostrand, effective immediately. In this newly established position, Mr. Van Nostrand will oversee investment processes across the firm’s global platform, reinforce portfolio construction standards, deepen research rigor and coordinate risk frameworks across equity, fixed income and alternative strategies. Portfolio managers will now report into the CIO function while retaining decision-making authority for their individual mandates. The move is designed to bolster cohesion and discipline across Lazard’s investment teams and deliver more consistent, repeatable outcomes for client portfolios totaling approximately USD 250 billion in assets under management as of November 30, 2025. Mr. Van Nostrand brings experience as Lazard’s former Global Head of Markets and Chief Economist, along with prior roles at the U.S. Treasury—where he earned the Alexander Hamilton Award—and as a Managing Director at BlackRock, where he led multi-asset research and managed systematic equity funds. Lazard’s CEO, Chris Hogbin, highlighted that the CIO role reflects the firm’s commitment to scalable, research-driven processes and greater connectivity across its product lines.

Lazard Global Total Return and Income Fund, Inc. has announced a monthly cash distribution of USD 0.1534 per share, representing an annualized rate of 10% of the Fund’s net asset value as of market close on December 31, 2025. The distribution will be paid on January 22, 2026 to shareholders of record as of the ex-dividend date, January 12, 2026. The Fund’s Board of Directors approved this payout under its Managed Distribution Policy, which targets regular income for investors while preserving capital through diversified exposure to 60–80 U.S. and non-U.S. equities (including ADRs), emerging market currency forwards and debt instruments. As of November 30, 2025, Lazard Asset Management and affiliates managed USD 250.8 billion in client assets; the Fund’s allocation to companies with market capitalizations above USD 2 billion aims to balance growth potential with income generation for institutional and retail shareholders.