Summary: In the early 1980s, the Federal Funds target rate was approximately 20% and, for the next 20 years, 10-year U.S. Treasury yields were rarely below 6%. During this time, income-seeking strategies were supported by strong growth, little impairment, and a high level of liquidity. Today, with the Federal Funds target rate between 0% and 0.25%, income-oriented investors are forced to take more risk in order to meet desired income targets. Please join Christopher Komosa, Portfolio Manager on Lazard's asset allocation strategies team, as he discusses the origins, evolution, and trade-offs of investing for income, and the implications that these factors have on portfolio construction. Featured Speakers: Christopher Komosa, CFA Senior Vice President, Portfolio Manager/Analyst Christopher Komosa is a Senior Vice President of Lazard Asset Management LLC. He is a Portfolio Manager/Analyst on the Lazard Capital Allocator Series ("LCAS") team and is a member of the LCAS Advisory Board. LCAS is a global tactical asset allocation investment strategy. Chris began working in the investment field in 1986. Prior to joining Lazard in 2006, Chris held positions as a portfolio manager at Permal Asset Management and Pinnacle International Management. Previously he was a hedge fund manager/analyst at Caxton Associates and Graham Capital. Chris has an MBA from the Darden School at the University of Virginia and a BA in Economics from Washington and Lee University .
