Talking Business With Alan Kohler

Warryn Robertson is Portfolio Manager & Analyst on Lazard’s Global Listed Infrastructure, Global Equity Franchise, and Australian Equity teams. He has been working in the investment field since 1992. The Lazard Global Equity Franchise Fund is an actively managed portfolio of between 25 to 50 securities that seeks long-term, defensive returns by investing globally in a range of franchise companies. The Fund invests in listed companies which they consider have an “economic franchise”, meaning companies which possess a combination of predictable earnings and large competitive advantages. The Fund’s objective is to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) in excess of the MSCI World Index with lower risk over the long term. He discusses what investment trends he has observed across his 20 year career, Current markets – why markets look expensive, top stock picks, value vs growth investing & his opinion on the