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. (NYSE: LAZ) is a financial advisory and asset management firm that regularly issues news and announcements related to its operations in investment banking and securities dealing. Founded in 1848, the company provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, alongside asset management and investment solutions for institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
The LAZ news feed features earnings releases and financial updates, including quarterly and annual results and commentary on segment performance in Financial Advisory and Asset Management. Lazard also reports monthly and periodic assets under management (AUM) figures, broken down by categories such as equity, fixed income, and other strategies, giving insight into trends in its asset management platform.
Investors can also follow corporate developments such as leadership appointments, board changes, and updates on the firm’s long-term growth strategy. Lazard’s communications highlight initiatives in its asset management business, including the evolution of its global investment platform, the creation of roles like Chief Investment Officer for Lazard Asset Management, and the launch or conversion of investment products, such as an emerging markets equity ETF.
In addition, Lazard’s news includes information about capital markets transactions at the corporate level, such as senior notes offerings and tender offers for existing debt, which are relevant to understanding the company’s capital structure. For users tracking LAZ stock, this news page provides a centralized view of Lazard’s public announcements, from financial metrics and AUM updates to strategic hires and product developments across its advisory and asset management businesses.
Lazard Ltd (NYSE: LAZ) has appointed Medha Chadha and Jason Schoenholtz as Managing Directors in Financial Advisory, focusing on healthcare clients. Ms. Chadha will lead capital markets advisory, leveraging 16 years of equity capital markets experience, particularly in biotech. Mr. Schoenholtz, with nearly two decades in healthcare investment banking, will enhance the team's expertise in healthcare services. This strategic expansion aims to improve Lazard’s advisory capabilities in the healthcare sector.
Lazard Ltd (NYSE: LAZ) released its annual study on challenges and opportunities in the global healthcare sector, surveying 200 executives and investors. The report indicates that the majority expect the COVID-19 pandemic to persist through 2022 and beyond, raising concerns about vaccine hesitancy and new variants. Key findings include a permanent shift to digital healthcare, ongoing strategic M&A activity, and pricing challenges. The study reflects healthcare leaders' views on innovation and the implications of the pandemic, with expectations for increased virtual healthcare delivery and a focus on scientific advancement.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.11512 per share on its outstanding common stock. This distribution will be payable on October 22, 2021, to shareholders of record as of October 8, 2021. The ex-dividend date is set for October 7, 2021. The Fund's investment strategy focuses on total return through capital appreciation and income, investing in a diverse portfolio of US and non-US equities, including companies with market caps over $2 billion, and may also include emerging market investments.
Lazard Ltd (NYSE: LAZ) reported its preliminary assets under management (AUM) as of August 31, 2021, totaling approximately $282.8 billion. This figure included market appreciation of $5.0 billion and foreign exchange depreciation of $0.5 billion, alongside net outflows of $17 million. AUM composition showed equity at $228.8 billion, fixed income at $48.2 billion, and other investments at $5.8 billion.
Lazard Ltd (NYSE: LAZ) has appointed Simon Auerbach as Managing Director and Co-Head of Information Services in Financial Advisory’s Telecom, Media and Entertainment (TME) group, effective immediately. He will work alongside Richard Hoyle in New York. Auerbach brings extensive experience from Credit Suisse, Foros, and Goldman Sachs. His addition aims to enhance Lazard's TME capabilities, as stated by Garrett Baker, Global Co-Head of TME, who highlighted Auerbach's leadership in mergers and acquisitions within the sector.
Lazard Ltd (NYSE:LAZ) has appointed Patrick No as Managing Director in the Private Capital Advisory Group, effective immediately. Based in Singapore, No will focus on fundraising and secondary solutions in the Asia Pacific region. He brings extensive experience from Credit Suisse and J.P. Morgan, enhancing Lazard's advisory capabilities in this key market.
Holcombe Green, Global Head of Private Capital Advisory, highlighted that No's addition strengthens the team's expertise and supports the firm's growth strategy in APAC.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) totaling approximately $278.4 billion as of July 31, 2021. This reflects a market appreciation of $2.2 billion but includes net outflows of $1.1 billion and foreign exchange depreciation of $0.2 billion. The AUM breakdown shows equity holdings at $224.992 billion, fixed income at $47.661 billion, and other assets at $5.699 billion.
Lazard Ltd (NYSE: LAZ) reported record operating revenue of $821 million for Q2 2021, up 51% year-over-year. Adjusted net income reached $146 million or $1.28 per share, representing a 94% increase compared to Q2 2020. For the first half of 2021, adjusted net income totaled $247 million with operating revenue reaching $1.469 billion.
The firm benefited from strong macroeconomic trends and significant M&A activities, advising on transactions including Vivendi's stake in Universal Music Group and Air Canada's financial assistance. Lazard also returned $161 million to shareholders in Q2 2021.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share on its outstanding common stock. This dividend will be payable on August 20, 2021, to stockholders recorded by August 9, 2021. Lazard, a leading financial advisory and asset management firm, operates in 41 cities across 26 countries, providing services such as mergers and acquisitions advice, capital raising, and asset management. Founded in 1848, it serves a diverse clientele including corporations, institutions, and governments.
Lazard Asset Management (LAM) has expanded its global alternatives investment platform by hiring Robert Wall as Managing Director and Head of Sustainable Private Infrastructure, based in London. Wall, who has over 20 years of experience in private market investments and infrastructure, will develop a sustainable investment strategy focused on private infrastructure companies. This new strategy aims to provide diversified returns while benefiting society. LAM currently manages $277 billion in client assets as of June 30, 2021.