Lazard Reports August 2023 Assets Under Management
13 Setembro 2023 - 7:45AM
Business Wire
Lazard Ltd (NYSE: LAZ) reported today that its preliminary
assets under management (“AUM”) as of August 31, 2023 totaled
approximately $237.3 billion. The month’s AUM included market
depreciation of $4.4 billion, foreign exchange depreciation of $2.3
billion and net outflows of $0.4 billion.
LAZARD LTD ASSETS UNDER
MANAGEMENT (“AUM”) (unaudited) ($ in
millions)
As of:
August 31,
July 31,
20231
2023
Equity
$182,848
$189,183
Fixed Income
46,070
46,780
Other
8,422
8,475
Total AUM
$237,340
$244,438
(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 175th 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.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements. In some
cases, you can identify these statements by forward-looking words
such as “may,” “might,” “will,” “should,” “could,” “would,”
“expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “target,” “goal,” or “continue,” 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 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.
These factors include, but are not limited to, those discussed
in our Annual Report on Form 10-K under Item 1A “Risk Factors,” and
also discussed from time to time in our reports on Forms 10-Q and
8-K, including the following:
- A decline in general economic conditions or the global or
regional financial markets;
- A decline in our revenues, for example due to a decline in
overall mergers and acquisitions (M&A) activity, our share of
the M&A market or our assets under management (AUM);
- Losses caused by financial or other problems experienced by
third parties;
- Losses due to unidentified or unanticipated risks;
- A lack of liquidity, i.e., ready access to funds, for use in
our businesses; and
- Competitive pressure on our businesses and on our ability to
retain and attract employees at current compensation levels.
Although we believe the statements reflected in the
forward-looking statements are reasonable, we cannot guarantee
future results, level of activity, performance or achievements.
Neither we nor any other person assumes responsibility for the
accuracy or completeness of any of these forward-looking
statements. You should not rely upon forward-looking statements as
predictions of future events. We are under no duty to update any of
these forward-looking statements after the date of this release to
conform our prior statements to actual results or revised
expectations and we do not intend to do so.
Lazard Ltd is committed to providing timely and accurate
information to the investing public, consistent with our legal and
regulatory obligations. To that end, Lazard and its operating
companies use their websites, Lazard’s Twitter account
(twitter.com/Lazard) and other social media sites to convey
information about their businesses, including the anticipated
release of quarterly financial results, quarterly financial,
statistical and business-related information, and the posting of
updates of assets under management in various mutual funds, hedge
funds and other investment products managed by Lazard Asset
Management LLC and Lazard Frères Gestion SAS. Investors can link to
Lazard and its operating company websites through
www.lazard.com.
LAZ-CPE
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version on businesswire.com: https://www.businesswire.com/news/home/20230913177358/en/
Investor: Alexandra Deignan +1 212 632 6886
alexandra.deignan@lazard.com
Media: Zoe Butt +44 20 7448 2802 zoe.butt@lazard.com
Aziz Nayani +1 212 632 6042 aziz.nayani@lazard.com
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