Lazard, Inc. (LAZ – Free Report) reported a preliminary asset under management (“AUM”) balance of $232.9 billion for February 2025, a marginal decrease from $233 billion as of Jan. 31, 2025.
The downfall in AUM balance was due to net outflows of $0.8 billion. The AUM was impacted favorably by foreign exchange appreciation of $0.5 billion and market appreciation of $0.1 billion.
LAZ’s February AUM Breakdown
In February, Lazard’s equity assets decreased 0.8% from the prior month’s level to $180 billion.
Fixed-income assets increased 2.7% to $44.6 billion. Other assets grew 2.1% to $8.3 billion from the previous month.
The company’s high reliance on financial advisory fees for most of its revenues and continued net outflows are likely to affect Lazard’s top-line growth in the upcoming period. Nonetheless, cost-management efforts are expected to aid the company’s bottom line in the near term.
Performance of Other Asset Managers
AllianceBernstein Holding L.P. (AB – Free Report) announced AUM for February 2025. The company’s preliminary month-end AUM of $805 billion reflects a marginal decrease from the end of January 2025.
The fall was entirely due to market depreciation. In February, firmwide net flows were stable for AB.
Invesco (IVZ – Free Report) announced preliminary AUM for February 2025. The company’s month-end AUM of $1.89 trillion represented a marginal decline from the previous month.
IVZ reported net long-term inflows of $6 billion for February. Non-management fee-earning net inflows were $4.4 billion, and money market net outflows totaled $7.1 billion. Further, Invesco’s AUM was unfavorably impacted by weak market returns, which lowered its AUM by $20 billion. Nonetheless, FX aided the AUM balance by $2 billion.
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