Lazard Reports May 2022 Assets Under Management

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of May 31, 2022, totaling approximately $236.0 billion. The AUM reported includes foreign exchange appreciation of $1.4 billion, market depreciation of $1.1 billion, and net outflows of $1.0 billion during the month. As of April 30, 2022, AUM was $236.6 billion. The firm's AUM consists of $187.1 billion in equity, $42.1 billion in fixed income, and $6.7 billion in other assets.

Positive

• AUM reached approximately $236.0 billion as of May 31, 2022.
• Foreign exchange appreciation increased AUM by $1.4 billion.

Negative

• Market depreciation of $1.1 billion negatively impacted AUM.
• Net outflows of $1.0 billion were recorded.

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2022 totaled approximately $236.0 billion. The month’s AUM included foreign exchange appreciation of $1.4 billion, market depreciation of $1.1 billion, and net outflows of $1.0 billion.

LAZARD LTD
ASSETS UNDER MANAGEMENT (“AUM”)
(unaudited)
($ in millions)
		As of:
		May 31,			April 30,
		20221			2022
Equity		$187,148			$187,686
Fixed Income		42,117			42,256
Other		6,687			6,683
Total AUM		$235,952			$236,625

(1) Preliminary – subject to adjustment

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 40 cities across 25 countries in North and South America, Europe, Asia and Australia. 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.

LAZ_CPE

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Investor relations:

Alexandra Deignan +1 212 632 6886

alexandra.deignan@lazard.com



Media relations:

Zoe Butt +44 20 7448 2802

zoe.butt@lazard.com

Source: Lazard Ltd

FAQ

What is Lazard's AUM as of May 31, 2022?

Lazard's AUM as of May 31, 2022, is approximately $236.0 billion.

What were the changes in Lazard's AUM from April to May 2022?

Lazard experienced a decrease in AUM from $236.6 billion in April to $236.0 billion in May 2022.

How much did foreign exchange appreciation contribute to Lazard's AUM?

Foreign exchange appreciation contributed $1.4 billion to Lazard's AUM.

What were the net outflows for Lazard in May 2022?

Lazard reported net outflows of $1.0 billion in May 2022.

How did market depreciation affect Lazard's AUM in May 2022?

Market depreciation negatively impacted Lazard's AUM by $1.1 billion.