- Lazard (NYSE:LAZ) has reported that its preliminary assets under management as of August 31, 2024 totaled approximately $244.3B against $246.1B at the end of July.
- The decline in AUM includes net outflows of $7.5 billion, market appreciation of $2.8 billion and foreign exchange appreciation of $3.0 billion.
- Gross outflows included approximately $7 billion from one client that restructured its developed market assets into passive strategies.
- Equity AUM of $188.76B, Fixed Income of $46.63B.
- Source: Press Release
