Lazard's (LAZ) July AUM Rises Marginally on Positive Markets

Lazard, Inc. (LAZ) reported a preliminary asset under management (AUM) balance of $246.1 billion for July 2024. This reflected a marginal increase from$244.7 billion as of Jun 30, 2024. The rise in AUM balance was driven by a market appreciation of $3.5 billion and a foreign exchange appreciation of$1.5 billion. These were partially offset by net outflows of $3.6 billion. In July, Lazard's equity assets increased almost 1$192.2 billion, while fixedincome assets declined m ...