Lazard Reports April 2023 Assets Under Management
- Lazard Ltd's AUM increased by approximately $2.5 billion, or 1.1%, compared to the previous month.
- The market appreciation contributed $2.0 billion to the increase in AUM.
- Lazard Ltd experienced net outflows of $0.1 billion, which could negatively impact its AUM growth.
LAZARD LTD ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) |
||||
|
|
As of: |
||
|
April 30, |
March 31, |
||
|
20231 |
2023 |
||
Equity |
|
|
|
|
Fixed Income |
|
46,034 |
45,461 |
|
Other |
|
8,364 |
8,051 |
|
Total AUM |
|
|
|
|
(1) Preliminary – subject to adjustment
About Lazard
Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 43 cities across 26 countries in
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “could”, “would”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “target,” “goal”, or “continue”, and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements.
These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A “Risk Factors,” and also discussed from time to time in our reports on Forms 10-Q and 8-K, including the following:
- A decline in general economic conditions or the global or regional financial markets;
- A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&A) activity, our share of the M&A market or our assets under management (AUM);
- Losses caused by financial or other problems experienced by third parties;
- Losses due to unidentified or unanticipated risks;
- A lack of liquidity, i.e., ready access to funds, for use in our businesses; and
- Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels.
Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations and we do not intend to do so.
Lazard Ltd is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites, Lazard’s Twitter account (twitter.com/Lazard) and other social media sites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various mutual funds, hedge funds and other investment products managed by Lazard Asset Management LLC and Lazard Frères Gestion SAS. Investors can link to Lazard and its operating company websites through www.lazard.com.
LAZ-CPE
View source version on businesswire.com: https://www.businesswire.com/news/home/20230511005179/en/
Investor:
Alexandra Deignan +1 212 632 6886
alexandra.deignan@lazard.com
Media:
Zoe Butt +44 20 7448 2802
zoe.butt@lazard.com
Aziz Nayani +1 212 632 6042
aziz.nayani@lazard.com
Source: Lazard Ltd
FAQ
What is Lazard Ltd's AUM as of April 30, 2023?
How much did market appreciation contribute to Lazard Ltd's AUM growth?
Did Lazard Ltd experience net inflows or outflows?
