The favorable historical outperformance of small caps over large caps is a well-established phenomenon of the capital markets. Globally, the small-cap opportunity set is vast and at the same time is thinly covered by analysts. As such, the asset class remains a fertile ground for active stock pickers and investing in small caps calls upon a differentiated and specific skill set relative to large caps. Edward Rosenfeld, Portfolio Manager/Analyst on Lazard’s European, International, and Global Small Cap Equity teams, discusses the small-cap effect and the significance of active management within the global small-cap universe.

Featured Speaker

Edward Rosenfeld

Managing Director, Portfolio Manager/Analyst

Edward Rosenfeld is a Portfolio Manager/Analyst on the Global, International, and European Small Cap Equity teams. He began working in the investment industry in 1996. Prior to joining Lazard in 2001, Edward was an analyst with J.P. Morgan. He has an MBA from the University of Chicago and a BA from Columbia College.