Lazard Reports March 2025 Assets Under Management

Rhea-AI Summary

Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $227.4 billion for March 31, 2025, reflecting several key movements:

- Market depreciation: $5.4 billion
- Net outflows: $3.1 billion
- Foreign exchange appreciation: $3.1 billion

The asset composition includes:
- Equity: $174.1 billion
- Fixed Income: $44.0 billion
- Other: $9.3 billion

The preliminary average AUM for Q1 2025 stood at $230.8 billion, compared to February 2025's total AUM of $232.9 billion.

Positive

• Foreign exchange appreciation of $3.1 billion in March 2025

Negative

• Market depreciation of $5.4 billion in March 2025
• Net outflows of $3.1 billion in March 2025
• Total AUM decreased from $232.9B in February to $227.4B in March 2025

NEW YORK--(BUSINESS WIRE)-- Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2025 totaled approximately $227.4 billion. The month’s AUM included market depreciation of $5.4 billion, net outflows of $3.1 billion and foreign exchange appreciation of $3.1 billion. Preliminary average AUM for the quarter ended March 31, 2025 was $230.8 billion.

LAZARD, INC.
ASSETS UNDER MANAGEMENT (“AUM”)
(unaudited)
($ in millions)
		As of:
		March 31,	February 28,
		20251	2025
Equity		$174,130	$180,030
Fixed Income		44,024	44,562
Other		9,273	8,288
Total AUM		$227,427	$232,880

(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.

LAZ-CPE

View source version on businesswire.com: https://www.businesswire.com/news/home/20250410360376/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 is Lazard's (LAZ) total assets under management as of March 2025?

Lazard's preliminary AUM as of March 31, 2025, totaled $227.4 billion.

How much did Lazard (LAZ) lose in market depreciation in March 2025?

Lazard experienced market depreciation of $5.4 billion in March 2025.

What is the breakdown of Lazard's (LAZ) assets under management by category?

As of March 2025, Lazard's AUM comprised $174.1B in Equity, $44.0B in Fixed Income, and $9.3B in Other assets.

How much were Lazard's (LAZ) net outflows in March 2025?

Lazard reported net outflows of $3.1 billion in March 2025.

What was Lazard's (LAZ) average AUM for Q1 2025?

Lazard's preliminary average AUM for the quarter ended March 31, 2025, was $230.8 billion.