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Lazard June AUM falls M/M on forex depreciation

Jul. 13, 2021 8:31 AM ETLazard, Inc. (LAZ) StockLAZBy: Ravikash Bakolia, SA News Editor1 Comment
  • Lazard's (NYSE:LAZ) preliminary AUM as of June decreased 0.43% to ~$277.4B, compared to ~$278.6B at May 31.
  • The month's AUM included market appreciation of $1.9B, net inflows of $0.3B and foreign exchange depreciation of $3.4B.
  • Preliminary average assets under management for the quarter ended June 30, 2021 were $275.9B.
  • Source: Press Release

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