Welcome to our dedicated page for Lazard news (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard stock.
Lazard, Inc. (symbol: LAZ) is one of the world’s leading financial advisory and asset management firms. With a history that dates back to 1848, Lazard operates in 43 cities across 27 countries, including North America, Europe, Asia, Australia, Central, and South America. The firm's global presence and long-standing reputation make it a significant player in the financial services industry.
Lazard offers a wide array of services, including advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance. The company also provides comprehensive asset management services to corporations, partnerships, institutions, governments, and individuals. Notably, the firm’s revenue is nearly evenly split between financial advisory and asset management, with a strong emphasis on international equities in their asset management division.
The company's asset management business, which constitutes over 80% of its assets under management, is primarily focused on institutional clients. Geographically, Lazard generates approximately 60% of its revenue from the Americas, 35% from the EMEA region, and 5% from the Asia-Pacific.
With over 3,000 employees worldwide, Lazard continues to thrive by leveraging its deep industry expertise and global network. The firm's current projects and partnerships demonstrate its ongoing commitment to delivering high-value financial solutions. For the latest updates and relevant information about Lazard’s performance, events, and developments, you can follow their social media disclosures.
Lazard Asset Management has launched the Lazard U.S. Convertibles Portfolio, managed by Arnaud Brillois and his team. The fund focuses on U.S. convertible securities, allowing up to 20% in non-convertible securities. Benchmarking against the ICE BofA All U.S. Convertibles Index, the fund aims to provide investors exposure to equity rebounds while mitigating downside risks through its bond component. The investment team manages $6.5 billion across various strategies, employing a rigorous selection process.
Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
Lazard Asset Management (LAM) has made its first investment in DBE Energy, an anaerobic digestion plant located in Surrey, England. LAM partners with DBE’s management team, holding a majority stake. This investment aims to support the U.K.'s decarbonization and circular economy by generating renewable gas from organic waste. DBE Energy’s facility processes 25,000 tons of waste annually, producing up to 2.3 million cubic meters of biomethane, sufficient to power approximately 700 homes. This move reflects LAM's commitment to sustainable infrastructure investment and growth opportunities in the fragmented AD market.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $221.0 billion as of November 30, 2022. The increase in AUM for the month included $12.1 billion from market appreciation and $4.3 billion due to foreign exchange. Additionally, net inflows amounted to $0.1 billion. The AUM figures reflect a significant rise from $204.6 billion reported on October 31, 2022.
Lazard Ltd (NYSE: LAZ) has appointed Ronald Temple as the new Chief Market Strategist, effective immediately. In this role, Temple will serve as a key strategist for Lazard's Asset Management and Financial Advisory sectors, collaborating with the newly formed Geopolitical Advisory group. He brings over two decades of experience at Lazard, having held significant positions including U.S. equity and global equity strategies oversight. Kenneth M. Jacobs, CEO, highlighted Temple's extensive relationships and market insights as critical to the firm's success.
Lazard Ltd (NYSE: LAZ) announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Goldman Sachs 2022 US Financial Services Conference on Wednesday, December 7, 2022, at 8:00 a.m. EST. A live audio webcast will be accessible via the Lazard Investor Relations website, with a replay available shortly after the event.
Lazard is a leading financial advisory and asset management firm operating in 41 cities across 26 countries, providing services in mergers and acquisitions, strategic matters, and asset management.
Lazard Ltd (NYSE: LAZ) has appointed Edward Rubin as a Managing Director in its Telecommunications, Media & Entertainment Group. Based in New York, Rubin will leverage his extensive experience in fiber and telecommunications infrastructure to advise clients in the communications sector. This addition strengthens Lazard's leading advisory practice in this field, which has seen recent growth with other strategic hires. Rubin previously held significant roles at Cowen and Company, Deutsche Bank, UBS, and Dresdner Kleinwort Benson.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $204.6 billion as of October 31, 2022. This figure reflects a market appreciation of $8.0 billion, net outflows of $1.8 billion, and foreign exchange appreciation of $0.6 billion. The AUM report indicates an increase from $197.8 billion at the end of September 2022. In equity, AUM rose to $160.2 billion, while fixed income increased to $39.0 billion. Lazard continues to provide asset management and financial advisory services worldwide.
FAQ
What is the current stock price of Lazard (LAZ)?
What is the market cap of Lazard (LAZ)?
What services does Lazard, Inc. provide?
Where does Lazard operate?
What is the history of Lazard, Inc.?
Who are Lazard’s primary clients?
How is Lazard's revenue distributed geographically?
What is the focus of Lazard’s asset management business?
How many employees does Lazard have?
Where can I find Lazard's social media disclosures?
What makes Lazard a leader in financial services?
How can I stay updated with Lazard’s latest news?
