Lazard Reports March 2021 Assets Under Management

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) of approximately $264.9 billion as of March 31, 2021. This figure reflects market appreciation of $8.2 billion, net outflows of $0.8 billion, and foreign exchange depreciation of $3.2 billion. The average AUM for the quarter stood at $261.5 billion. The equity segment showed a growth from $209.8 billion to $215.5 billion, while fixed income decreased from $45.6 billion to $44.2 billion.

Positive

• Increase in equity AUM from $209.8 billion to $215.5 billion.
• Overall AUM growth from $260.7 billion to $264.9 billion.

Negative

• Net outflows of $0.8 billion.
• Decrease in fixed income AUM from $45.6 billion to $44.2 billion.
• Foreign exchange depreciation of $3.2 billion.

Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2021 totaled approximately $264.9 billion. The month’s AUM included market appreciation of $8.2 billion, net outflows of $0.8 billion and foreign exchange depreciation of $3.2 billion. Preliminary average assets under management for the quarter ended March 31, 2021 were $261.5 billion.

LAZARD LTD ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)
		As of:
		March 31, 20211			February 28, 2021
Equity		$	215,459		$	209,807
Fixed Income			44,249			45,572
Other			5,144			5,302
Total AUM		$	264,852		$	260,681

(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 r

FAQ

What are Lazard's assets under management as of March 31, 2021?

As of March 31, 2021, Lazard's assets under management totaled approximately $264.9 billion.

Did Lazard experience net inflows or outflows in March 2021?

Lazard reported net outflows of $0.8 billion in March 2021.

What was the average assets under management for Lazard in Q1 2021?

The preliminary average assets under management for Lazard in the quarter ended March 31, 2021, were $261.5 billion.

How did Lazard's equity AUM change in March 2021?

Lazard's equity AUM increased from $209.8 billion to $215.5 billion in March 2021.

What foreign exchange impact did Lazard face in March 2021?

Lazard experienced foreign exchange depreciation of $3.2 billion in March 2021.