Lazard's August AUM Declines Marginally on Net Outflows

Lazard, Inc. (LAZ) reported a preliminary asset under management (AUM) balance of $244.3 billion for August 2024, reflecting a marginal decrease from$246.1 billion as of July 31, 2024. LAZ's AUM Breakdown The fall in AUM balance was due to net outflows of $7.5 billion. This was partially offset by the market appreciation and a foreign exchange appreciation of$2.8 billion and $3 billion, respectively. In August, Lazard's equity assets decreased almost 1.8$192.2 billion, wh ...