Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 249

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part II, Item 8
Chunk 249
---
2024:

Three Months Ended June 30, 2025AUMBeginningBalanceInflowsOutflowsNetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$174,130 $14,739 $(13,939)$800 $11,962 $5,358 $192,250 Fixed Income44,024 2,803 (2,506)297 (88)2,824 47,057 Other9,273 509 (929)(420)12 188 9,053 Total$227,427 $18,051 $(17,374)$677 $11,886 $8,370 $248,360 

For three months ended June 30, 2025, net flows were primarily driven by inflows into the Global Equity platform partially offset by outflows from the Multi-Regional Equity platform.

Six Months Ended June 30, 2025AUMBeginningBalanceInflowsOutflowsNetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$174,938 $22,559 $(24,312)$(1,753)$11,148 $7,917 $192,250 Fixed Income43,286 5,001 (6,787)(1,786)1,429 4,128 47,057 Other8,097 1,748 (1,191)557 134 265 9,053 Total$226,321 $29,308 $(32,290)$(2,982)$12,711 $12,310 $248,360 

For the six months ended June 30, 2025, net flows were primarily driven by outflows from the Multi-Regional Equity platform partially offset by inflows into the Global Equity platform.

Three Months Ended June 30, 2024AUMBeginningBalanceInflows Outflows NetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$195,253 $6,549 $(12,670)$(6,121)$2,580 $(1,286)$190,426 Fixed Income47,220 2