NEW YORK--(BUSINESS WIRE)--Lazard Asset Management LLC today announced the launch of three new mutual funds: the Lazard International Equity Advantage Portfolio (Institutional: IEAIX; Open: IEAOX), the Lazard Emerging Markets Equity Advantage Portfolio (Institutional: LEAIX; Open: LEAOX), and the Lazard Managed Equity Volatility Portfolio (Institutional: MEVIX; Open: MEVOX). The Lazard International Equity Advantage Portfolio and Lazard Emerging Markets Equity Advantage Portfolio are designed t