Lazard: Healthy Backlog Into Next Year, But Peers Are Competitively Valued

Group 1 - Lazard, Inc. (NYSE: LAZ) reported a quarter with unimpressive performance, showing lower revenue growth compared to peers [2] - The company is gaining traction with its investment group, The Value Lab, which offers members a portfolio with real-time updates and various market insights [2] - The Value Lab aims for a portfolio yield of about 4% and focuses on identifying mispriced international equities [1] Group 2 - The Valkyrie Trading Society consists of analysts who share high-conviction investment ideas that are expected to generate non-correlated and outsized returns [3] - The society operates as long-only investors, focusing on downside-limited strategies in the current economic environment [3]