MINYANVILLE ORIGINAL We were combing through Lazard Asset Management s 13F which details their $41 billion stock and bond portfolio and noticed quite a few ADRs. Of the 15 largest investments in fact five are ADRs or American Depository Receipts which are securities of non-US companies that trade on US markets. The company responsible for $148 billion in assets under management globally has a fittingly global portfolio the filing shows. Four of the ADRs are the telecommunications majors in China Phillipines Russia and Latin America respectively. No US-based telecommunications players were in the top 15 investments although there was a $52.921 million investment ...