Lazard Ltd Stock Price, News & Analysis

The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a distribution of $0.59267 per share, consisting entirely of long-term capital gains. This distribution is payable on January 11, 2022, to shareholders of record on December 28, 2021. Cumulative distributions for the fiscal year ending December 31, 2021, total $1.97 per share, with estimates indicating $0.90 will be a return of capital. Lazard Asset Management, managing $267.4 billion in assets, oversees the Fund's investments.

Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $267.4 billion as of November 30, 2021. The results indicated market depreciation of $5.8 billion, foreign exchange depreciation of $3.4 billion, and net outflows of $3.1 billion during the month. Comparatively, the previous month’s AUM was $279.7 billion. These figures reflect ongoing challenges in maintaining asset levels amidst adverse market conditions.

Lazard Asset Management expands its sustainable investment capabilities with the appointment of Koen Popleu and Monika Kumar as new portfolio managers. With over 30 years of combined investment experience, they will focus on strategies supporting a sustainable economy, starting with a climate change-focused strategy expected in 2022. This expansion is part of LAM's broader strategy to embed sustainability across all its offerings. As of September 30, 2021, LAM managed $272.6 billion in assets, reinforcing its commitment to sustainable investments.

Lazard Ltd (NYSE: LAZ) has announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Goldman Sachs US Financial Services Conference on Wednesday, December 8, at 9:20 a.m. EST. A live audio webcast will be accessible via the Lazard Investor Relations website, with a replay available shortly after the event. Lazard is a leading financial advisory and asset management firm, operating in 41 cities across 26 countries globally.

Independence Point Advisors (IPA) has launched as a women-owned investment bank aiming to disrupt traditional investment practices. Founded by Anne Clarke Wolff, IPA focuses on strategic opportunity and risk advisory, capital markets, and strategic advisory services. The firm aspires to maintain a team with 70% diverse backgrounds and has partnered with Lazard Ltd for exclusive M&A assignments. IPA emphasizes that diverse teams lead to superior client outcomes, merging unique perspectives to tackle modern financial challenges.

Lazard Ltd (NYSE: LAZ) has formed a strategic alliance with Independence Point Advisors (IPA), a women-owned investment bank, to enhance their service offerings beyond traditional investment banking. Lazard will hold a minority interest in IPA, which aims to provide a modern approach to C-suite and board-level services, including M&A assignments exclusively for Lazard. The partnership seeks to leverage the diverse expertise of IPA's leadership, enhancing Lazard's advisory capabilities and supporting diversity in the industry.

The Board of Directors of Lazard Global Total Return and Income Fund (NYSE: LGI) has declared a monthly distribution of $0.11512 per share, payable on December 22, 2021. Shareholders of record as of December 9, 2021 will receive this payout, with the ex-dividend date set for December 8, 2021. As of October 31, 2021, the Fund's investment strategy targets capital appreciation and income, investing in approximately 60 to 80 equity securities and emerging market currencies.

Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $279.7 billion as of October 31, 2021. This figure includes market appreciation of $7.2 billion, net outflows of $0.6 billion, and foreign exchange appreciation of $0.5 billion. The total AUM reflects an increase from $272.6 billion reported on September 30, 2021.