Michael Rome and Kevin Smithen were named lead managers of the Lazard Global Opportunities Fund, a hedge fund offered by Lazard Asset Management, New York. They replaced Thomas Ellis and Ben Guest, who left this month. Mr. Rome also was named team leader of the Lazard European Opportunities Fund, which was managed by William Von Mueffling, Jay Genzer, Robert Cope and Mr. Guest, all of whom left the firm. Frederick Barker and James Donald, both vice presidents, will lead the process of liquidating the Lazard Pacific & Emerging Opportunities Fund; they had co-managed the hedge fund with Mr. Ellis.