Lazard Ltd - LAZ STOCK NEWS

Lazard Growth Acquisition Corp. I announced the public filing of a registration statement on Form S-1 with the SEC for a proposed IPO of 50 million units at $10 each. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with plans to list on Nasdaq under the symbol 'LGACU'. The Company, a blank check entity, aims to acquire businesses in growth-oriented sectors such as healthcare and technology, but is not limited to any specific industry. Goldman Sachs acts as the lead manager for the offering, which remains subject to market conditions.

Lazard Ltd (NYSE: LAZ) will announce its full-year and fourth-quarter 2020 financial results on February 5, 2021. The press release will be accessible on Lazard's website. An 8:00 a.m. EST conference call will follow to discuss the results, available via live audio webcast. For those unable to attend, a replay will be offered later that day. Lazard, a key player in financial advisory and asset management, operates in over 40 cities across 25 countries, providing services related to M&A, restructuring, and capital raising.

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.