| Manager Profile | |
This general information is provided by and used with the permission of this manager.
It may not contain information about the Pacific Select Fund portfolios managed by
this manager. Pacific Select Fund portfolios are available only through
variable products.
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| A subsidiary of Lazard Fréres & Co. LLC, which has a history going back to 1848 | | More than $97 billion in assets under management as of 12/31/06 | | Nine offices and affiliates worldwide |
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Lazard manages global assets for corporations, endowments and public and private pension plans. The firm's global research capabilities and broad technical expertise span industry and geographic borders. Lazard offers investors a distinct, value-based philosophy and process that is consistently applied, providing a global perspective on investing, and years of experience in both U.S. and non-U.S. portfolios. This investment philosophy and process is centered around four principles:
- Pick securities, not markets
- Don't overpay
- Understand and manage portfolio risk
- Stick to the discipline
Lazard's selection process involves evaluating a company's core competencies, competition, sales and profit trends, brand name strengths and sensitivity to market cycles. Investment opportunities are ranked by risk and reward in order to acheive high expected returns while minimizing risk.
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| Mid-Cap Equity | |
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Capital appreciation through investment in equity securities
of medium-sized U.S. companies believed to be undervalued.
| | | | Russell Midcap Index | |
The Russell Midcap Index is an index of 800 of the smallest companies in the Russell 1000 Index. Results include reinvested dividends.
| | | | Mid-cap blend | | | | Based on information from Morningstar, Inc., 2008.
| | | | Small-cap, mid-cap, and emerging-growth company stocks may be riskier and more volatile than larger, more established company stocks. |
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