Lazard Reports February 2022 Assets Under Management

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) reported a preliminary assets under management (AUM) total of approximately $251.6 billion as of February 28, 2022. This figure reflects a market depreciation of $5.3 billion, net outflows of $2.1 billion, and foreign exchange appreciation of $0.3 billion. AUM is broken down into equity at $200.1 billion, fixed income at $44.9 billion, and other at $6.5 billion. The previous total AUM as of January 31, 2022 was $258.7 billion.

Positive

• None.

Negative

• Market depreciation of $5.3 billion indicating a decline in asset value.
• Net outflows of $2.1 billion suggesting reduced investor confidence.
• Decrease in total AUM from $258.7 billion to $251.6 billion, a decline of $7.1 billion.

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 28, 2022 totaled approximately $251.6 billion. The month’s AUM included market depreciation of $5.3 billion, net outflows of $2.1 billion and foreign exchange appreciation of $0.3 billion.

LAZARD LTD ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)
		As of:
		February 28,		January 31,
		20221		2022
Equity		$200,119		$206,588
Fixed Income		44,948		45,812
Other		6,502		6,289
Total AUM		$251,569		$258,689

^{(1) Preliminary – subject to adjustment}

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 41 cities across 26 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.

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Investor relations contact:

Alexandra Deignan +1 212 632 6886

alexandra.deignan@lazard.com



Media relations contact:

Zoe Butt +44 20 7448 2802

zoe.butt@lazard.com

Source: Lazard Ltd

FAQ

What is Lazard's assets under management as of February 28, 2022?

As of February 28, 2022, Lazard's assets under management totaled approximately $251.6 billion.

What caused the decrease in Lazard's assets under management in February 2022?

The decrease was caused by market depreciation of $5.3 billion, net outflows of $2.1 billion, and foreign exchange appreciation of $0.3 billion.

How much did Lazard's total assets under management decline from January to February 2022?

Lazard's total assets under management declined by $7.1 billion from $258.7 billion in January 2022 to $251.6 billion in February 2022.

What are the components of Lazard's assets under management as of February 2022?

Lazard's assets under management include equity of $200.1 billion, fixed income of $44.9 billion, and other at $6.5 billion.