Why Nelson Peltz Bought Lazard $LAZ

TRIAN PARTNERSHere is a 39 page presentation by Nelson Peltz's Trian Fund Management explaining why they bought Lazard (LAZ):

Trian-Management Lazard-Presentation-2012

Peltz disclosed this holding through an amended 13F filing. According to recent academic research, these stock picks have an annual alpha of nearly 10 percent.

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