Lazard Reports May 2024 Assets Under Management
Lazard announced that its preliminary assets under management (AUM) as of May 31, 2024, totaled approximately $245 billion. This reflects a monthly market appreciation of $4.4 billion, net outflows of $1.6 billion, and foreign exchange appreciation of $1.4 billion. By asset category, the AUM breakdown includes $190.82 billion in equity, $46.36 billion in fixed income, and $7.82 billion in other assets. Compared to the previous month, the firm's total AUM increased from $240.805 billion to $245.008 billion, pending any adjustments.
- AUM increased by $4.2 billion from the previous month, reaching $245 billion.
- Market appreciation contributed $4.4 billion to the increase in AUM.
- Foreign exchange rates positively impacted AUM by $1.4 billion.
- Net outflows amounted to $1.6 billion, which partially offset gains from market appreciation and foreign exchange rates.
Insights
Lazard's Assets Under Management (AUM) report provides critical insights into the company's financial health and strategic direction. The
Net outflows of
Equity assets showed significant growth from
Long term, this AUM growth reflects well on Lazard’s portfolio management and adaptability to market conditions. However, the net outflows should be monitored closely as they can indicate underlying issues.
The reported AUM figures provide a snapshot of Lazard's market positioning and client behavior. The market appreciation of
However, the net outflows of
The foreign exchange appreciation of
Overall, while the growth in AUM is a positive indicator, the underlying components such as net outflows and currency gains represent both opportunities and risks that investors need to consider carefully.
LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) |
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As of: |
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May 31, |
April 30, |
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20241 |
2024 |
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Equity |
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Fixed Income |
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46,362 |
45,399 |
Other |
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7,826 |
7,824 |
Total AUM |
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(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
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 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 statements 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, 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/20240612173437/en/
Investor:
Alexandra Deignan +1 212 632 6886
alexandra.deignan@lazard.com
Media:
Zoe Butt +44 20 7448 2802
zoe.butt@lazard.com
Aziz Nayani +1 212 632 6042
aziz.nayani@lazard.com
Source: Lazard, Inc.
FAQ
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