Lazard Reports February 2026 Assets Under Management
Rhea-AI Summary
Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $277.7 billion as of February 28, 2026, up from $266.95 billion at January 31, 2026. Monthly drivers included $8.9B market appreciation, $4.2B net inflows, $0.8B FX depreciation, and a $1.5B reduction from the sale of its Edgewater Funds stake.
By asset class, equity AUM was $207.09B, fixed income $36.47B, multi asset $25.46B, and alternatives $8.72B (preliminary and unaudited).
AI-generated analysis. Not financial advice.
Positive
- Total AUM rose by $10.8B (≈4.0%) month-over-month
- Market appreciation contributed $8.9B to February AUM
- Net client inflows of $4.2B strengthened asset base
Negative
- Alternatives AUM fell from $10.15B to $8.72B (≈14% decline)
- Sale of Edgewater stake reduced AUM by $1.5B
- Foreign exchange effects deducted $0.8B from AUM
News Market Reaction – LAZ
On the day this news was published, LAZ declined 0.32%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
LAZ fell about 3.27% while key advisory peers showed mixed moves: MC and PJT were modestly lower, but PIPR, SNEX, and BGC traded higher. Momentum scanner activity was concentrated in unrelated names, supporting a stock-specific reaction rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 23 | Fund distribution update | Neutral | +2.1% | LGI fund detailed monthly distribution and sources under its policy. |
| Feb 18 | Senior hires | Positive | +0.5% | Added two managing directors to strengthen healthcare advisory team. |
| Feb 10 | January AUM update | Positive | -0.1% | Reported January 2026 AUM of $266.95B with market gains and inflows. |
| Jan 29 | CFO appointment | Positive | +2.2% | Named Tracy Farr as CFO, outlining leadership transition and experience. |
| Jan 29 | Q4 and 2025 earnings | Positive | +2.2% | Reported Q4 and full-year 2025 revenue and AUM growth, plus capital returns. |
Recent news reactions skew positive, with management changes, earnings, and fund distribution updates generally met with modest gains; a prior AUM report saw a flat-to-slightly-negative response, suggesting AUM prints have not consistently driven upside.
Over the past several months, Lazard’s headlines have focused on capital returns, leadership, earnings, and AUM trends. A Jan 29 earnings release highlighted $3,099M in 2025 net revenue and higher Asset Management AUM, coinciding with a positive price move. Subsequent news on the CFO transition and senior hires in healthcare advisory also aligned with modest gains. January’s AUM update, however, drew a slightly negative reaction, similar to the mixed response around the latest AUM report.
Market Pulse Summary
This announcement highlighted Lazard’s preliminary February 2026 AUM of $277.7 billion, driven by $8.9 billion in market appreciation and $4.2 billion of net inflows, partially offset by FX and a stake sale. In the past six months, earnings strength, leadership changes, and prior AUM updates have all contributed to the company’s narrative. Investors may watch future AUM releases for flow persistence, asset mix shifts, and sensitivity to currency movements.
Key Terms
assets under management financial
aum financial
net inflows financial
fx depreciation financial
alternatives financial
AI-generated analysis. Not financial advice.
LAZARD, INC.
ASSETS UNDER MANAGEMENT ("AUM")
(unaudited)
($ in millions)
As of: | |||
February 28, | January 31, | ||
20261 | 2026 | ||
Equity | |||
Fixed Income | 36,467 | 35,758 | |
Multi Asset | 25,462 | 25,267 | |
Alternatives | 8,716 | 10,153 | |
Total AUM | |||
1 Preliminary – subject to adjustment
About Lazard
Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in
Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the
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 Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following:
- Adverse general economic conditions or adverse conditions in global or regional financial markets;
- Changes in international trade policies and practices including the implementation of tariffs, proposed further tariffs, and responses from other jurisdictions, and the economic impacts, volatility and uncertainty resulting therefrom;
- 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;
- Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels and;
- Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items.
These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
As a result, there can be no assurance that the forward-looking statements included in this release will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, 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, Inc. 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, 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.
Investor Contact:
Alexandra Deignan +1 212 632 6886
alexandra.deignan@lazard.com
Media Contacts:
Zoe Butt +44 20 7448 2802
zoe.butt@lazard.com
Aziz Nayani +1 212 632 6042
aziz.nayani@lazard.com
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SOURCE Lazard