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.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) announced a monthly distribution of $0.11512 per share, payable on February 22, 2021, to shareholders of record on February 9, 2021. The ex-dividend date is February 8, 2021. As of December 31, 2020, the Fund focuses on capital appreciation and current income via a diversified portfolio of 60 to 80 equity securities, including emerging markets. Lazard Asset Management, managing $258.6 billion in assets, oversees the Fund's investments and provides detailed portfolio data on its website.
Lazard Ltd (NYSE: LAZ) announced preliminary assets under management (AUM) of approximately $258.6 billion as of December 31, 2020. This total included market appreciation of $7.7 billion and foreign exchange appreciation of $2.9 billion, along with net inflows of $0.4 billion. The average AUM for the quarter ending December 31, 2020, stood at $245.6 billion, indicating a solid performance in asset management despite potential market fluctuations.
Lazard Ltd (NYSE: LAZ) has appointed James J. Orozco as a Managing Director in its Financial Advisory business, effective immediately. Based in San Francisco, Orozco joins from GCA Advisors, where he led their Financial Sponsors practice. This strategic hire aims to enhance Lazard's expertise in private equity, particularly in the technology, media, and telecom sectors. Peter Orszag, CEO of Financial Advisory, noted that Orozco's extensive experience and relationships with key private equity firms will strengthen the team's capabilities amid a growing market opportunity.
Lazard Ltd (NYSE: LAZ) has appointed Adam Handwerker as a Managing Director in its Private Capital Advisory Group, effective immediately. Based in New York, Handwerker brings over 15 years of experience in real estate private fundraising. He previously held positions at Rialto Capital Management and Credit Suisse, enhancing Lazard's capabilities in the US real estate funds market. This move is expected to strengthen Lazard's position as a leading advisor globally in this sector.
Lazard Global Total Return and Income Fund (NYSE:LGI) has confirmed a monthly distribution of $0.11512 per share, representing an annualized yield of 7.0% based on its net asset value as of December 31, 2020. The payment will be made on January 22, 2021, to shareholders registered by January 11, 2021, with an ex-dividend date set for January 8, 2021. The Fund seeks total returns through capital appreciation and income, investing in approximately 60 to 80 US and non-US equity securities, including those in emerging markets.
The Board of Directors of Lazard Global Total Return and Income Fund (LGI) has approved a monthly distribution of 7.0% on an annualized basis, based on the Fund's net asset value per share as of December 31, 2020. This distribution is set to be paid on January 22, 2021, to shareholders recorded as of January 11, 2021, with an ex-dividend date of January 8, 2021. The Fund's investment strategy focuses on total return through capital appreciation and income, investing in a diversified portfolio of approximately 60 to 80 US and non-US equity securities.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) for November 2020, totaling approximately $247.6 billion. The AUM reflects a market appreciation of $21.6 billion and foreign exchange appreciation of $2.9 billion, despite experiencing net outflows of $1.0 billion. Notably, equity AUM rose to $201.1 billion from $179.6 billion in October, while fixed income increased to $41.6 billion from $40.0 billion. The firm’s growth strategies and market conditions are fundamental to its future projections.
Lazard Ltd (NYSE: LAZ) announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Goldman Sachs 2020 US Financial Services Conference, scheduled for December 9 at 8:40 a.m. EST. A live audio webcast will be accessible on the Lazard Investor Relations website, followed by a replay shortly after the event. Lazard is a leading financial advisory and asset management firm, boasting a global presence in 43 cities across 27 countries, providing services in M&A, restructuring, capital raising, and asset management.
The "Global Automotive Supplier Study 2020" by Roland Berger and Lazard forecasts a 15-20% slump in global automotive supplier sales due to the pandemic, with average EBIT margins dropping to 1.7% in H1 2020. The study, assessing around 600 suppliers, indicates the automotive sector may not recover to 2017 sales levels until 2026, with creditworthiness affected by poor financial indicators. Experts see a need for strategic cooperation and restructuring among suppliers to navigate ongoing challenges.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) of approximately $224.2 billion as of October 31, 2020. This figure reflects a market depreciation of $3.9 billion and net inflows of $0.3 billion. For comparison, AUM as of September 30, 2020, was $227.8 billion. The composition of AUM includes equity at $179.6 billion, fixed income at $40.0 billion, and other assets at $4.6 billion.
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