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Quantitative analysis is much more familiar and longer established in investment management than in advisory, but here too the ground is shifting under the feet of the established players.
Since Lazard went public in 2005 and since Kenneth Jacobs took over as chairman and chief executive of the whole firm from Bruce Wasserstein, Lazard Asset Management, under the management of chief executive Ashish Bhutani, has grown from a $450 million annual revenue business to a $1.2
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