More to Lazard Ltd. Than Meets The Eye?

Originally Published In the News October 31, 2007 9:54 AM

Lazard Ltd. revenues rose 82% in the just reported third quarter, spurred on by an inordinate numbers of deals closing and M&A fees tumbling in. Our interest is in the company’s asset management business, which saw slower growth and boast fewer tycoons than the banking arm. Still, the stock might be cheap once you sort out the sum of the parts. This morning they are bidding the stock up for Bruce, which should put a smile on his face. The gang from Dubai just gave Danny Och a valuation that we will be comping later today against Lazard’s money management arm. What are you doing to kill time before the Fed’s 2:15 playdate? No Position

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