Lazard Reports January 2025 Assets Under Management

Rhea-AI Summary

Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $233.0 billion for January 31, 2025. The month saw positive developments across all categories, including:

- Market appreciation of $6.1 billion
- Foreign exchange appreciation of $0.4 billion
- Net inflows of $0.3 billion

The AUM breakdown consists of:
- Equity: $181.5 billion
- Fixed Income: $43.4 billion
- Other: $8.1 billion

This represents an increase from December 31, 2024, when total AUM stood at $226.3 billion.

Positive

• Total AUM increased by $6.7 billion month-over-month
• Positive market appreciation of $6.1 billion
• Net inflows of $0.3 billion indicating continued client trust
• Foreign exchange appreciation contributed $0.4 billion

Negative

• None.

Insights

Asset Management Analyst

The January AUM report reveals encouraging trends for Lazard's asset management business, with total AUM expanding by $6.7 billion to reach $233.0 billion. While market appreciation contributed the bulk of this growth at $6.1 billion, the $0.3 billion in net inflows is particularly noteworthy in today's competitive landscape where many traditional asset managers struggle with outflows to passive investments.

The composition of Lazard's AUM presents both opportunities and challenges. The equity-heavy portfolio (77.9% of total AUM) positions the firm well for higher fee generation, as equity management typically commands premium fees compared to fixed income products. However, this also exposes the firm to higher volatility in fee revenues during market downturns.

The modest but positive net inflows suggest Lazard's active management strategies continue to attract client capital, despite industry-wide pressure from passive alternatives. This speaks to the firm's strong investment performance and client relationships. The $0.4 billion foreign exchange appreciation indicates beneficial currency movements for the firm's significant international business, though this remains a variable factor in monthly AUM calculations.

Looking at the fixed income segment, which stands at $43.4 billion, the marginal growth suggests a stable but not expanding business line. In the current market environment, this stability in fixed income assets could provide a valuable counterbalance to the more volatile equity segment.

NEW YORK--(BUSINESS WIRE)-- Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2025 totaled approximately $233.0 billion. The month’s AUM included market appreciation of $6.1 billion, foreign exchange appreciation of $0.4 billion and net inflows of $0.3 billion.

LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)
		As of:
		January 31, 20251	December 31, 2024
Equity		$181,506	$174,938
Fixed Income		43,395	43,286
Other		8,117	8,106
Total AUM		$233,018	$226,330
(1) Preliminary – subject to adjustment

About Lazard
Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit www.lazard.com.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology 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 the 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 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;
• 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250212077289/en/

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

Source: Lazard, Inc.

FAQ

What was Lazard's (LAZ) total AUM as of January 31, 2025?

Lazard's total assets under management (AUM) as of January 31, 2025, were approximately $233.0 billion.

How much did Lazard's (LAZ) AUM increase in January 2025?

Lazard's AUM increased by approximately $6.7 billion in January 2025, from $226.3 billion to $233.0 billion.

What was the breakdown of Lazard's (LAZ) AUM by asset class in January 2025?

As of January 2025, Lazard's AUM consisted of $181.5 billion in Equity, $43.4 billion in Fixed Income, and $8.1 billion in Other assets.

What were Lazard's (LAZ) net inflows for January 2025?

Lazard reported net inflows of $0.3 billion for January 2025.

How much market appreciation did Lazard (LAZ) experience in January 2025?

Lazard experienced market appreciation of $6.1 billion in January 2025.