Lazard Reports February 2021 Assets Under Management

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of February 28, 2021, totaling approximately $260.7 billion. Key factors contributing to this figure include market appreciation of $5.6 billion, net inflows of $0.2 billion, and foreign exchange depreciation of $0.3 billion. The AUM breakdown reveals $209.8 billion in equity, $45.6 billion in fixed income, and $5.3 billion in other assets. The report emphasizes Lazard's commitment to delivering financial advisory and asset management services globally.

Positive

• Preliminary AUM increased to approximately $260.7 billion.
• Market appreciation contributed $5.6 billion to AUM.
• Company reported net inflows of $0.2 billion.

Negative

• Foreign exchange depreciation decreased AUM by $0.3 billion.

Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 28, 2021 totaled approximately $260.7 billion. The month’s AUM included market appreciation of $5.6 billion, net inflows of $0.2 billion and foreign exchange depreciation of $0.3 billion.

LAZARD LTD
ASSETS UNDER MANAGEMENT (“AUM”)
(unaudited)
($ in millions)
		As of:
		February 28,				January 31,
			20211				2021
Equity		$	209,807			$	206,246
Fixed Income			45,572				43,872
Other			5,302				5,064
Total AUM		$	260,681			$	255,182

(1) Preliminary – subject to adjustment

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from more than 40 cities across 25 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information, please visit www.lazard.com. Follow Lazard at @Lazard.

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

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FAQ

What are Lazard's assets under management as of February 2021?

As of February 28, 2021, Lazard's assets under management total approximately $260.7 billion.

How much did Lazard's AUM increase due to market appreciation?

Lazard's AUM increased by $5.6 billion due to market appreciation.

Did Lazard experience net inflows or outflows in February 2021?

Lazard experienced net inflows of $0.2 billion in February 2021.

What impact did foreign exchange have on Lazard's AUM in February 2021?

Foreign exchange depreciation negatively impacted Lazard's AUM by $0.3 billion in February 2021.