Annual Report Lazard Global Investment Funds

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Annual Report Lazard Global Investment Funds Lazard Global Investment Funds plc Für in der Schweiz eingetragene Teilfonds Auszug aus dem Jahresbericht und geprüften Jahresabschluss Für das Geschäftsjahr zum 31. März 2021 Inhalt Verwaltungsrat und sonstige Informationen .................................................................. 4 Bericht des Verwaltungsrats .......................................................................................... 6 Bericht des Anlageverwalters....................................................................................... 13 Bericht der Verwahrstelle ............................................................................................. 35 Gesamtergebnisrechnung ............................................................................................ 36 Bilanz ............................................................................................................................ 40 Aufstellung über Veränderungen im Nettovermögen der Anteilinhaber mit Redeemable Participating Shares .................................................... 44 Anmerkungen zum Jahresabschluss ........................................................................... 48 Vermögensaufstellung der Portfolios ......................................................................... 114 Aufstellung der wesentlichen Anlageveränderungen (ungeprüft) .............................. 176 Offenlegung der Vergütung gemäß OGAW V (ungeprüft) .......................................... 187 Anhang 1: Zusätzliche Informationen für Anleger in der Schweiz (ungeprüft) ......... 189 Bericht für die Anleger in der Schweiz Einige Teilfonds von Lazard Global Investment Funds plc sind nicht für den öffentlichen Vertrieb in der Schweiz oder von der Schweiz aus zugelassen. Daher enthält dieser Jahresbericht keine Informationen in Bezug auf diese Teilfonds Die Anleger werden jedoch darauf hingewiesen, dass bestimmte im Jahresbericht enthaltene Angaben auf konsolidierter Basis dargestellt sind und daher auch Angaben zu den Teilfonds enthalten können, die nicht für den Vertrieb in der Schweiz oder von der Schweiz aus zugelassen sind. LAZARD GLOBAL INVESTMENT FUNDS PLC Lazard Global Investment Funds plc Geschäftsjahr zum 31. März 2021 3 Verwaltungsrat und sonstige Informationen Eingetragener Sitz der Gesellschaft Distribuenten 6th Floor Lazard Asset Management Limited 2 Grand Canal Square 50 Stratton Street Dublin 2 London W1J 8LL D02 A342 Vereinigtes Königreich Irland Register-Nr.: 467074 Lazard Asset Management (Deutschland) GmbH Neue Mainzer Straße 75 Manager 60311 Frankfurt am Main Lazard Fund Managers (Ireland) Limited Deutschland 6th Floor 2 Grand Canal Square Lazard Asset Management Securities LLC Dublin 2 30 Rockefeller Plaza D02 A342 NY 10112-6300 Irland USA Anlageverwalter Lazard Asset Management Schweiz AG Lazard Asset Management LLC Usteristrasse 9 30 Rockefeller Plaza CH-8001 Zürich New York Schweiz NY 10112-6300 USA Lazard Asset Management (Singapore) Pte. Limited Lazard Global Convertibles Investment Grade Fund **** 1 Raffles Place Lazard Global Convertibles Recovery Fund ** #15-02 One Raffles Place Tower 1 Lazard Global Income Fund *** Singapur 048616 Lazard Emerging Markets Bond Fund Lazard Emerging Markets Local Debt Fund Lazard Asset Management (Hongkong) Limited Lazard Emerging Markets Total Return Debt Fund Unit 7, Level 20 Lazard Emerging Markets Debt Blend Fund 1 Harbour View Street, Central, Lazard Emerging Markets Debt Unrestricted Blend Fund Hongkong Lazard Emerging Markets Corporate Debt Fund Lazard Diversified Return Fund Lazard Frères Gestion Lazard European Alternative Fund 25 rue de Courcelles Lazard Rathmore Alternative Fund 75008 Paris Lazard US Fundamental Alternative Fund * Frankreich Lazard Opportunities Fund * Lazard Global Hexagon Equity Fund * Lazard Fund Managers (Ireland) Limited, Spanish Branch Lazard Asset Management (Deutschland) GmbH Paseo de la Castellana 140 Neue Mainzer Straße 75 Madrid 28046 60311 Frankfurt am Main Spanien Deutschland Lazard Scandinavian High Quality Bond Fund Lazard Fund Managers (Ireland) Limited, Belgian Branch Avenue Louise 326 Verwahrstelle 1050 Brüssel State Street Custodial Services (Ireland) Limited Belgien 78 Sir John Rogerson’s Quay Dublin 2 Lazard Fund Managers (Ireland) Limited, Dutch Branch D02 HD32 Mondriaan Tower Irland Amstelplein 54 26th Floor Administrator, Registerführer und Transferagent 1096 BC Amsterdam State Street Fund Services (Ireland) Limited Niederlande 78 Sir John Rogerson’s Quay Dublin 2 Lazard Gulf Limited D02 HD32 Gate Village 1 Irland Level 2, Office 206 Dubai International Financial Centre * Für neue Anleger geschlossen. Dubai ** Am 17. August 2020 aufgelegt. P.O. Box 506644 *** Von der Zentralbank am 24. Februar 2021 genehmigt. Vereinigte Arabische Emirate LAZARD GLOBAL INVESTMENT FUNDS PLC **** Am 6. Mai 2021 aufgelegt. Lazard Global Investment Funds plc Geschäftsjahr zum 31. März 2021 4 Verwaltungsrat und sonstige Informationen (Fortsetzung) Zahlstelle in der Schweiz Rechtsberater für irisches Recht NPB Neue Privat Bank AG William Fry Limmatquai 1/am Bellevue 2 Grand Canal Square Postfach Dublin 2 CH-8024 Zürich D02 A342 Schweiz Irland Verwaltungsrat Rechtsberater für englisches Recht Gavin Caldwell (Ire)*/** MacFarlanes LLP Andreas Hübner (Deutscher) 20 Cursitor Street Daniel Morrissey (Ire)*/** London EC4A 1LT Jeremy Taylor (Brite)** Vereinigtes Königreich * Unabhängige Verwaltungsratsmitglieder. Autorisierte Vertretung in der Schweiz ** Mitglieder des Prüfungsausschusses. ACOLIN Fund Services AG Leutschenbachstrasse 50 Die Verwaltungsratsmitglieder sind allesamt nicht CH-8050 Zürich geschäftsführend tätig. Schweiz Alle Verwaltungsratsmitglieder sind ebenfalls Verwaltungsratsmitglieder des Managers. Währungsmanager State Street Bank Europe Limited Secretary 20 Churchill Place Wilton Secretarial Limited London E14 5HJ 6th Floor Vereinigtes Königreich 2 Grand Canal Square Dublin 2 D02 A342 Irland Unabhängige Wirtschaftsprüfer PricewaterhouseCoopers Zugelassene Wirtschaftsprüfer und eingetragene Abschlussprüfer One Spencer Dock North Wall Quay Dublin 1 D01 X9R7 Irland Dieser Jahresbericht und der geprüfte Jahresabschluss (die „Berichte und Abschlüsse“) können in weitere Sprachen übersetzt werden. Eine solche Übersetzung enthält dieselben Informationen und hat dieselbe Bedeutung wie die Berichte und Abschlüsse in englischer Sprache. Bei Inkonsistenzen zwischen den unterschiedlichen Sprachversionen hat die englische Fassung der Berichte und Abschlüsse Vorrang, es sei denn, in einem Rechtsgebiet, in dem die Anteile verkauft werden, ist es gesetzlich vorgeschrieben, dass in einer Klage aufgrund der Offenlegung in Berichten und Abschlüssen in einer anderen Sprache als Englisch diejenige Sprache der Berichte und Abschlüsse Vorrang haben soll, auf der eine solche Klage basiert. Alle Rechtsstreitigkeiten zu den Bedingungen der Berichte und Abschlüsse, ungeachtet ihrer Sprache, unterliegen den Gesetzen von Irland und werden nach ihnen ausgelegt. LAZARD GLOBAL INVESTMENT FUNDS PLC Lazard Global Investment Funds plc Geschäftsjahr zum 31. März 2021 5 Bericht des Verwaltungsrats Der Verwaltungsrat (der „Verwaltungsrat“) legt hiermit seinen Jahresbericht und den geprüften Jahresabschluss für das Geschäftsjahr zum 31. März 2021 vor. Lazard Global Investment Funds plc (die „Gesellschaft“) ist eine offene Investmentgesellschaft mit variablem Kapital und als Umbrellafonds mit getrennter Haftung der einzelnen Teilfonds (im Einzelnen als der „Fonds“ und insgesamt als die „Fonds“ bezeichnet) untereinander strukturiert, welche am Ende des Geschäftsjahres aus 16 Fonds bestand, von denen 12 aktiv waren (31. März 2020: 15 Fonds). Der Lazard Opportunities Fund wurde am 7. November 2016 vollständig zurückgenommen, der Lazard Global Hexagon Equity Fund wurde am 18. August 2017 vollständig zurückgenommen und der Lazard US Fundamental Alternative Fund wurde am 13. September 2018 vollständig zurückgenommen. Da diese Fonds einen Nullsaldo aufweisen, werden sie in der Gesamtergebnisrechnung, der Bilanz und der Aufstellung über Veränderungen im Nettovermögen der Anteilinhaber mit Redeemable Participating Shares nicht mehr ausgewiesen. Der Lazard European High Yield Fund wurde nie aufgelegt und die Anlageziele und -politik wurden geändert, um die Strategie des Lazard Global Income Fund widerzuspiegeln. Diese Änderung, einschließlich der Änderung des Namens in Lazard Global Income Fund, wurde von der Zentralbank am 24. Februar 2021 genehmigt. Aufgaben des Verwaltungsrats Der Verwaltungsrat ist für das Erstellen des Berichts des Verwaltungsrats und des Abschlusses gemäß irischem Recht verantwortlich. Nach irischem Recht ist der Verwaltungsrat verpflichtet, für jedes Geschäftsjahr einen Jahresabschluss vorzulegen, welcher ein den tatsächlichen Verhältnissen entsprechendes Bild von den Vermögenswerten, Verbindlichkeiten und der Finanzlage der Gesellschaft am Ende des Geschäftsjahrs sowie der Gewinne oder Verluste der Gesellschaft in dem Geschäftsjahr darstellt. Nach diesem Recht hat der Verwaltungsrat den Jahresabschluss in Übereinstimmung mit den allgemein anerkannten Rechnungslegungsstandards in Irland (die vom Financial Reporting Council herausgegeben wurden, einschließlich Financial Reporting Standard 102 „The Financial Reporting Standard applicable in the UK and Republic of Ireland“ („FRS 102“)) erstellt. Nach irischem Recht darf der Verwaltungsrat den Jahresabschluss nur genehmigen, wenn er sich vergewissert hat, dass dieser ein den tatsächlichen Verhältnissen entsprechendes Bild von den Vermögenswerten,
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