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 Ltd (NYSE: LAZ) is set to release its full-year and fourth-quarter 2021 financial results on February 3, 2022. A press release will be available on Lazard's website. Additionally, the company will host a conference call at 8:00 a.m. EST the same day to discuss the results. Access to the conference call will be provided via a live audio webcast or through a dedicated phone line. A replay of the call will also be available later that day.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $273.7 billion as of December 31, 2021. The report indicated a market appreciation of $8.5 billion, net outflows of $3.0 billion, and foreign exchange appreciation of $0.9 billion. Additionally, the average AUM for the quarter ending December 31, 2021 stood at $273.5 billion, reflecting $221.0 billion in equity, $46.3 billion in fixed income, and $6.4 billion in other assets.
The Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has announced a monthly distribution of $0.12473 per share, representing a 7.0% annualized return based on the net asset value as of December 31, 2021. This distribution will be paid on January 21, 2022, to shareholders on record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund's goal is to achieve total return through capital appreciation and current income, investing in 60 to 80 US and non-US equity securities and emerging market currencies. As of November 30, 2021, Lazard Asset Management managed $267.4 billion in assets.
Lazard Global Total Return and Income Fund (NYSE: LGI) has elected to be subject to the Maryland Control Share Acquisition Act (MCSAA) to protect the interests of its stockholders. This law limits the voting rights of holders of 'control shares' above 10% unless approved by other stockholders. The move aims to prevent undue influence from single stockholders seeking short-term gains, ensuring long-term value for all stockholders. As of November 30, 2021, Lazard's investment manager, LAM, managed $267.4 billion in client assets, highlighting its significant market presence.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution rate of 7.0% based on the Fund's net asset value as of December 31, 2021.
This distribution is payable on January 21, 2022, to shareholders of record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund primarily invests in a diversified portfolio of US and non-US equity securities and may include emerging markets.
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.
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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.