Lazard Reports September 2023 Assets Under Management

Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2023 totaled approximately $228.3 billion. The month’s AUM included market depreciation of $5.9 billion, foreign exchange depreciation of $2.7 billion and net outflows of $0.5 billion. Preliminary average assets under management for the quarter ended September 30, 2023 were $236.3 billion.

LAZARD LTD

ASSETS UNDER MANAGEMENT (“AUM”)

(unaudited)

($ in millions)

 

 

As of:

 

September 30,

August 31,

 

2023¹

2023

Equity

 

$174,748

$182,848

Fixed Income

 

45,178

46,070

Other

 

8,338

8,422

Total AUM

 

$228,264

$237,340

(1) Preliminary – subject to adjustment

About Lazard

Lazard, 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 175^th 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. Follow Lazard at @Lazard.