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Lazard Asset Management LLC, a leading global financial advisory and investment firm managing over $146 billion in assets, is contesting the new rules on foreign ownership limits in Philippine firms, warning these regulations could drive away foreign investors.

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LAZARD

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Lazard Asset Management LLC, a leading global financial advisory and investment firm managing over $146 billion in assets, is contesting the new rules on foreign ownership limits in Philippine firms, warning these regulations could drive away foreign investors.

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Top global fund manager bucks new rules on foreign ownership

By Zinnia B. Dela Peña | January 7, 2013 - 12:00am

Lazard Asset Management LLC, a leading global financial advisory and investment firm managing over $146 billion in assets, is contesting the new rules on foreign ownership limits in Philippine firms, warning these...

Business