Lazard Reports 1.7% Sequential AUM Growth in May on Market Gains

Key Takeaways Lazard's AUM rose 1.7% sequentially in May to $235.3B, driven by market and FX appreciation. A $7.4B market gain and $0.2B FX boost were offset by $3.7B in net outflows and a $4.3B client withdrawal. Equity assets rose 2.4% to $180.5B, while fixed income fell 1.3% and other assets climbed 3%.Lazard, Inc. (LAZ) reported a preliminary asset under management (AUM) balance of $235.3 billion as of May 31, 2025, reflecting an increase of 1.7% from the April 30, 2025, level.The AUM was favorably af ...