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 LLC (LAM) has expanded its alternative investment platform with a new New York-based team specializing in long/short credit strategy. The new team, consisting of Sal Naro, Vincent Mistretta, Michael Cannon, and Sanjay Aiyar, joins from Coherence Capital Partners, forming the Lazard Coherence investment team. This addition enhances LAM's capabilities, aligning with its existing fixed income offerings, and aims to achieve consistent absolute returns in the credit markets. As of June 30, 2020, LAM managed approximately $4.5 billion in client assets.
Lazard Ltd (NYSE: LAZ) will release its financial results for Q3 and nine months of 2020 on October 29, 2020. The press release will be accessible on their website. A conference call will be held at 8:00 a.m. EDT on the same day to discuss the results, and it will be accessible through a live audio webcast. Replay information will also be available after the call. Lazard, a leading financial advisory and asset management firm, provides various services including mergers and acquisitions advice, restructuring, and capital raising.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $227.8 billion as of September 30, 2020. The month’s AUM experienced a market depreciation of $3.2 billion, foreign exchange depreciation of $2.0 billion, but net inflows of $0.7 billion were recorded. The average AUM for the quarter ended September 30, 2020, stood at $226.0 billion. Comparatively, the total AUM was $232.3 billion as of August 31, 2020.