Lazard expands long/short credit strategy

Lazard Asset Management has hired a New York-based investment team from Coherence Capital Partners, an alternative investment firm launched in 2012 focused on long/short credit investing.

The new Lazard Coherence investment team, made up of Sal Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar, is part of Lazard’s Alternative Investment Platform, which has $4.5 billion in client assets. The team brings with them approximately $120 million in unlevered assets to the platform.

“Sal and his team bring a wealth of investment experience and a unique approach to investing in credit markets . . .

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