Lazard Reports September 2026 Assets Under Management
September's assets under management reflected market and foreign-exchange depreciation alongside net outflows.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Lazard (NYSE: LAZ) reported preliminary assets under management of approximately $284.0 billion as of September 30, 2026, below August's total.
The unaudited table shows total assets under management of $284,029 million, compared with $290,332 million on August 31. September included $3.2 billion in market depreciation, $2.1 billion in foreign-exchange depreciation and $0.9 billion in net outflows. Preliminary average assets under management for the quarter ended September 30 were $286.6 billion. Equity, fixed-income, multi-asset and alternatives assets all declined from August. September figures are preliminary and subject to adjustment.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- None.
Negative
- Moderate pointTotal assets under management fell to $284,029 million on September 30 from $290,332 million on August 31.
- Minor pointMarket depreciation of $3.2 billion reduced September assets under management.
- Minor pointForeign-exchange depreciation of $2.1 billion reduced September assets under management.
- Minor pointNet outflows of $0.9 billion reduced September assets under management.
- Minor pointSeptember assets under management figures are preliminary and subject to adjustment.
Key Figures
- Total AUM
- $284,029 million
- Preliminary, as of September 30, 2026
- Market depreciation
- $3.2 billion
- September AUM change
- FX depreciation
- $2.1 billion
- September AUM change
- Net outflows
- $0.9 billion
- September AUM change
- Average AUM
- $286.6 billion
- Quarter ended September 30, 2026
Historical Context
-
August AUM report disclosed $1.8 billion in net outflows alongside market and FX appreciation.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
assets under management financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAZARD, INC.
ASSETS UNDER MANAGEMENT ("AUM")
(unaudited)
($ in millions)
|
|
|
As of: |
|
|
|
|
September 30, |
August 31, |
|
|
|
20261 |
2026 |
|
Equity |
|
|
|
|
Fixed Income |
|
33,751 |
35,590 |
|
Multi Asset |
|
24,052 |
25,305 |
|
Alternatives |
|
10,898 |
11,011 |
|
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Lazard's assets under management at September 30, 2026?
Lazard's preliminary assets under management totaled approximately $284.0 billion at September 30, 2026. The unaudited table reports $284,029 million, compared with $290,332 million at August 31, 2026.
How did Lazard's assets under management change by asset class in September 2026?
All four asset classes declined between August 31 and September 30, 2026. Equity fell from $218,426 million to $215,328 million; fixed income from $35,590 million to $33,751 million; multi asset from $25,305 million to $24,052 million; and alternatives from $11,011 million to $10,898 million. September figures are preliminary and subject to adjustment.