Lazard reports preliminary AUM $244.3B as of August 31

Lazard reported that its preliminary assets under management as of August 31, 2024 totaled approximately $244.3B. The month’s AUM included net outflows of $7.5B, market appreciation of $2.8B and foreign exchange appreciation of $3B. Gross outflows included approximately $7B from one client that restructured its developed market assets into passive strategies.