NEW YORK, October 10, 2024--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of September 30, 2024 totaled approximately $247.7 billion. The month’s AUM included market appreciation of $3.0 billion, foreign exchange appreciation of $1.5 billion and net outflows of $1.3 billion. Preliminary average AUM for the quarter ended September 30, 2024 was $246.0 billion.
LAZ's solid revenue growth and strategic expansion efforts are likely to keep supporting its financials. However, ongoing net outflows remain a concern.
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