Lazard's Preliminary Assets Under Management Grow to $267 Billion in January

MT Newswires Live02-10

Lazard (LAZ) reported preliminary assets under management Tuesday of approximately $267 billion as of Jan. 31, up from $254.3 billion the previous month.

The company said assets under management for the month included market appreciation of $7.6 billion, net inflows of $2.9 billion, and foreign exchange appreciation of $2.1 billion.

Lazard said its equity assets rose to $195.8 billion from $184.5 billion, as fixed income assets increased to $35.8 billion from $35.1 billion, and multi-assets grew to $25.3 billion from $24.8 billion. It also reported that its alternative assets increased to $10.2 billion from $10 billion in December.

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