{"id":762885,"date":"2023-06-12T06:48:14","date_gmt":"2023-06-12T10:48:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lazard-reports-may-2023-assets-under-management\/"},"modified":"2023-06-12T06:48:14","modified_gmt":"2023-06-12T10:48:14","slug":"lazard-reports-may-2023-assets-under-management","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lazard-reports-may-2023-assets-under-management\/","title":{"rendered":"Lazard Reports May 2023 Assets Under Management"},"content":{"rendered":"

<\/p>\n

Lazard Reports May 2023 Assets Under Management<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nLazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (\u201cAUM\u201d) as of May 31, 2023 totaled approximately $230.0 billion. The month\u2019s AUM included foreign exchange depreciation of $2.9 billion, net outflows of $0.9 billion and market depreciation of $0.8 billion.<\/p>\n

LAZARD LTD
\n
<\/b>ASSETS UNDER MANAGEMENT (\u201cAUM\u201d)
\n
<\/b>(unaudited)
\n
<\/b>($ in millions)<\/b><\/p>\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nAs of:<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nMay 31,<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nApril 30,<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n20231<\/sup><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n2023<\/p>\n<\/td>\n<\/tr>\n

\n

\nEquity<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$176,530<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n$180,245<\/p>\n<\/td>\n<\/tr>\n

\n

\nFixed Income<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n45,178<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n46,034<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n8,260<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n8,364<\/p>\n<\/td>\n<\/tr>\n

\n

Total AUM<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

$229,968<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

$234,643<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

(1) Preliminary \u2013 subject to adjustment<\/sub><\/p>\n

About Lazard<\/b><\/p>\n

\nLazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 26 countries in North and South America, Europe, Asia and Australia. Celebrating its 175th<\/sup> year, the firm provides advice on mergers and acquisitions, capital markets and other strategic matters, restructuring and capital solutions, and asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com<\/a>. Follow Lazard at @Lazard.<\/p>\n

Cautionary Note Regarding Forward-Looking Statements:<\/i><\/b><\/p>\n

This press release contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as \u201cmay\u201d, \u201cmight\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cexpect\u201d, \u201cplan\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cpredict\u201d, \u201cpotential\u201d, \u201ctarget,\u201d \u201cgoal\u201d, or \u201ccontinue\u201d, and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements.<\/i><\/p>\n

These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A \u201cRisk Factors,\u201d and also discussed from time to time in our reports on Forms 10-Q and 8-K, including the following:<\/i><\/p>\n