Lazard assets under management slips ~6.4% in April

May 11, 2022 7:20 AM ETLazard Ltd (LAZ)By: Preeti Singh, SA News Editor

Assets under management is shown on the conceptual business photo

Andrii Dodonov/iStock via Getty Images

  • Lazard (NYSE:LAZ) reported prelim AUM of ~$236.6B as at April 30, 2022, down -6.37% from $252.7B as of Mar. 31, 2022.
  • The month's AUM included market depreciation of $9B, foreign exchange depreciation of $5.9B and net outflows of $1.2B.
  • Equity AUM was $187.7B, down from $201.03B in the previous month.
  • Fixed income AUM of $42.26B fell from $44.98B in March.
  • Previously, Lazard's March AUM rose slightly to $252.7B from prior month.

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