Lazard, Inc. (LAZ) reported that its preliminary assets under management, or AUM, as of August 31, 2024 totaled approximately $244.3 billion. The AUM included net outflows of $7.5 billion, market appreciation of $2.8 billion and foreign exchange appreciation of $3.0 billion. The company noted that the gross outflows included approximately $7 billion from one client that restructured its developed market assets into passive strategies.
Lazard is a preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.