Lazard (LAZ) reported that its preliminary assets under management as of December 31, 2024 totaled approximately $226.3B. The month’s AUM included net outflows of $4.5B, foreign exchange depreciation of $2.5B and market depreciation of $1.1B. Outflows included $3.3B from two concentrated sub-advisory relationships. Preliminary average AUM for the quarter ended December 31, 2024 was $233.8B.
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