Over almost a decade, value investing has been out of favor globally. On the flip side, investors have piled into quality, growth, and low volatility stocks—driving the underperformance of value-oriented strategies and strong performance of momentum- and sentiment-oriented investment styles. While the timing of a resurgence of the value premium is difficult to forecast, we believe that when it returns, it will once again be an important tailwind to delivering strong returns for active investors. Jason Williams, Portfolio Manager/Analyst on Lazard’s Advantage team evaluates the historical merit of the value premium and identifies the potential catalysts for its comeback.

Featured Speaker

Jason Williams, CFA

Senior Vice President, Portfolio Manager/Analyst

Jason Williams is a Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 2001. Prior to joining Lazard in 2008, Jason was a Quantitative Portfolio Manager in the Pan European Active Equities group with State Street Global Advisors (SSgA), focusing on model development and performance evaluation. Earlier at SSgA, he was a Portfolio Analyst within Active European Operations. He has an MA in Finance and Investment from the University of Exeter and a BSc Honours in Mathematics from Coventry University. Jason is a member of the CFA Institute and the UK Society of Investment Professionals (UKSIP).