Welcome to our dedicated page for Lazard news (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard stock.
Lazard, Inc. reports developments in financial advisory and asset management, its two recurring business lines. The firm provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, while its asset management business offers investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
Recurring LAZ news includes quarterly operating results, monthly assets-under-management updates with flow, market, foreign-exchange and asset-class detail, common-stock dividend declarations, additions to advisory sector groups, and strategic updates for the global platform. Coverage also reflects the firm’s operations in North and South America, Europe, the Middle East, Asia and Australia.
Lazard Asset Management has launched the Lazard U.S. Convertibles Portfolio, managed by Arnaud Brillois and his team. The fund focuses on U.S. convertible securities, allowing up to 20% in non-convertible securities. Benchmarking against the ICE BofA All U.S. Convertibles Index, the fund aims to provide investors exposure to equity rebounds while mitigating downside risks through its bond component. The investment team manages $6.5 billion across various strategies, employing a rigorous selection process.
Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.09339 per share, representing an annualized yield of 7% based on its net asset value as of December 31, 2022. The distribution will be payable on January 23, 2023, to shareholders of record as of January 10, 2023, with an ex-dividend date of January 9, 2023. The Fund aims for total return through capital appreciation and current income, investing in a diversified portfolio of equity securities and emerging market currencies.
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Lazard Asset Management (LAM) has made its first investment in DBE Energy, an anaerobic digestion plant located in Surrey, England. LAM partners with DBE’s management team, holding a majority stake. This investment aims to support the U.K.'s decarbonization and circular economy by generating renewable gas from organic waste. DBE Energy’s facility processes 25,000 tons of waste annually, producing up to 2.3 million cubic meters of biomethane, sufficient to power approximately 700 homes. This move reflects LAM's commitment to sustainable infrastructure investment and growth opportunities in the fragmented AD market.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $221.0 billion as of November 30, 2022. The increase in AUM for the month included $12.1 billion from market appreciation and $4.3 billion due to foreign exchange. Additionally, net inflows amounted to $0.1 billion. The AUM figures reflect a significant rise from $204.6 billion reported on October 31, 2022.
Lazard Ltd (NYSE: LAZ) has appointed Ronald Temple as the new Chief Market Strategist, effective immediately. In this role, Temple will serve as a key strategist for Lazard's Asset Management and Financial Advisory sectors, collaborating with the newly formed Geopolitical Advisory group. He brings over two decades of experience at Lazard, having held significant positions including U.S. equity and global equity strategies oversight. Kenneth M. Jacobs, CEO, highlighted Temple's extensive relationships and market insights as critical to the firm's success.
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Lazard Ltd (NYSE: LAZ) announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Goldman Sachs 2022 US Financial Services Conference on Wednesday, December 7, 2022, at 8:00 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, providing services in mergers and acquisitions, strategic matters, and asset management.
Lazard Ltd (NYSE: LAZ) has appointed Edward Rubin as a Managing Director in its Telecommunications, Media & Entertainment Group. Based in New York, Rubin will leverage his extensive experience in fiber and telecommunications infrastructure to advise clients in the communications sector. This addition strengthens Lazard's leading advisory practice in this field, which has seen recent growth with other strategic hires. Rubin previously held significant roles at Cowen and Company, Deutsche Bank, UBS, and Dresdner Kleinwort Benson.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $204.6 billion as of October 31, 2022. This figure reflects a market appreciation of $8.0 billion, net outflows of $1.8 billion, and foreign exchange appreciation of $0.6 billion. The AUM report indicates an increase from $197.8 billion at the end of September 2022. In equity, AUM rose to $160.2 billion, while fixed income increased to $39.0 billion. Lazard continues to provide asset management and financial advisory services worldwide.