Lazard Alternative

Strategies 1099

Fund Investment Objectives

Lazard Alternative Strategies 1099 Fund seeks long-term capital appreciation by investing in an actively managed portfolio of approximately 15-35 hedge funds. The Fund is a fund of hedge funds that is registered under the Investment Company Act of 1940 and the Securities Act of 1933. Assets are generally allocated to portfolio funds employing various investment techniques including relative value event-driven value, long/short, and tactical trading strategies. The Fund seeks attractive risk-adjusted returns compared to traditional investments in the global stock and bond markets.