Each LAM office runs its own strategies and to some extent has its own separate investment teams. When I worked in their Sydney office, where their Australian equities team was based, they only ran 2 long equity strategies and the website still confirms this, albeit from a funds perspective. They also run segregated mandates for insto clients.
But to answer your question directly, I'm almost certain the Lazard Australian equities team only invests long. The LAM Tokyo office used to run a long/short strategy in Japanese equities but they wouldn't look at the likes of MYX. I think it was also a quant strategy as well.
It looks like they started their buy order a few weeks ago as well before the half year results came out for what it's worth.
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