Lazard Reports June 2026 Assets Under Management
Rhea-AI Summary
Lazard (NYSE: LAZ) reported preliminary assets under management of approximately $284.7 billion as of June 30, 2026. June AUM reflected $2.3 billion in market appreciation, $3.3 billion of FX depreciation, and a $0.8 billion net increase, including a $1.0 billion uplift from acquiring a controlling interest in Elaia Partners and $0.2 billion of net outflows.
Preliminary average AUM for the quarter ended June 30, 2026 was $279.1 billion, with positive net flows of $7.4 billion for the first half of 2026. By asset class at June 30, 2026, AUM was: Equity $214.4 billion, Fixed Income $35.0 billion, Multi Asset $24.5 billion, and Alternatives $10.8 billion, for total AUM of $284.7 billion, preliminary and subject to adjustment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Total AUM $284.7 billion as of June 30, 2026
- Net increase in June AUM $0.8 billion including Elaia acquisition impact
- Elaia Partners acquisition contributed $1.0 billion to AUM
- Positive net flows $7.4 billion for the first half of 2026
- Average quarterly AUM $279.1 billion for quarter ended June 30, 2026
- Alternatives AUM rose from $9.5 billion in May to $10.8 billion in June 2026
Negative
- FX depreciation in June reduced AUM by $3.3 billion
- Net outflows in June $0.2 billion despite acquisition-related increase
- Total AUM slightly decreased from $284.8 billion in May to $284.7 billion in June
- Equity AUM declined from $214.9 billion in May to $214.4 billion in June
- Fixed Income AUM declined from $35.8 billion in May to $35.0 billion in June
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 07 | Board change | Neutral | -3.6% | Retirement of long-serving director and appointment of new board member. |
| Jul 02 | Earnings call scheduling | Neutral | +0.5% | Announcement of date and time for Q2 and H1 2026 results release. |
| Jun 23 | Fund distribution update | Neutral | -4.3% | Monthly distribution declaration and estimated source breakdown for LGI fund. |
| Jun 10 | AUM update | Positive | -12.6% | Report of higher May 2026 AUM with market appreciation offsetting FX and outflows. |
| Jun 05 | Index rebalance news | Neutral | +3.8% | S&P index changes involving another company with potential read-through for peers. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Lazard news, including prior AUM data and board changes, has more often been followed by negative than positive price moves, suggesting a tendency for cautious post-news trading.
Key Terms
assets under management financial
aum financial
fx depreciation financial
net outflows financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAZARD, INC.
ASSETS UNDER MANAGEMENT ("AUM")
(unaudited)
($ in millions)
As of: | |||
June 30, | May 31, | ||
20261 | 2026 | ||
Equity | |||
Fixed Income | 34,977 | 35,790 | |
Multi Asset | 24,480 | 24,721 | |
Alternatives | 10,825 | 9,465 | |
Total AUM | |||
(1) Preliminary – subject to adjustment
About Lazard
Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," "pipeline," or "continue," and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements.
These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A "Risk Factors," and also discussed from time to time in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following:
- Adverse general economic conditions or adverse conditions in global or regional financial markets;
- Changes in international trade policies and practices including the implementation of tariffs, proposed further tariffs, and responses from other jurisdictions, and the economic impacts, volatility and uncertainty resulting therefrom;
- A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&A) activity, our share of the M&A market or our assets under management (AUM);
- Losses caused by financial or other problems experienced by third parties;
- Losses due to unidentified or unanticipated risks;
- A lack of liquidity, i.e., ready access to funds, for use in our businesses;
- Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels and;
- Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items.
These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
As a result, there can be no assurance that the forward-looking statements included in this release will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations and we do not intend to do so.
Lazard, Inc. is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites, and other social media sites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various mutual funds, hedge funds and other investment products managed by Lazard Asset Management LLC and Lazard Frères Gestion SAS. Investors can link to Lazard and its operating company websites through www.lazard.com.
Investor Contact:
William Murdock +1 212-632-1564
William.Murdock@lazard.com
Media Contacts:
Zoe Butt +44 20 7448 2802
zoe.butt@lazard.com
Aziz Nayani +1 212 632 6042
aziz.nayani@lazard.com
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SOURCE Lazard