Lazard's February AUM Balance Declines Sequentially on Net Outflows

Lazard, Inc. (LAZ) reported a preliminary asset under management (“AUM”) balance of $232.9 billion for February 2025, a marginal decrease from $233 billion as of Jan. 31, 2025.The downfall in AUM balance was due to net outflows of $0.8 billion. The AUM was impacted favorably by foreign exchange appreciation of $0.5 billion and market appreciation of $0.1 billion.LAZ’s February AUM BreakdownIn February, Lazard’s equity assets decreased 0.8% from the prior month’s level to $180 billion.Fixed-income assets inc ...