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) 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.