Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 279

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 279
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 $24,698 $(57,064)$(32,366)$22,744 $(5,578)$174,938 Fixed Income48,107 8,221 (10,861)(2,640)276 (2,457)43,286 Other8,406 1,899 (2,569)(670)436 (75)8,097 Total$246,651 $34,818 $(70,494)$(35,676)$23,456 $(8,110)$226,321 

Net flows were primarily driven by outflows in Global, Local and Multi-Regional Equity platforms and Emerging Markets Fixed Income platform.

Year Ended December 31, 2023AUMBeginningBalanceInflowsOutflowsNetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$167,395 $24,545 $(31,097)$(6,552)$28,125 $1,170 $190,138 Fixed Income43,386 9,476 (9,192)284 3,236 1,201 48,107 Other5,344 5,233 (2,507)2,726 290 46 8,406 Total$216,125 $39,254 $(42,796)$(3,542)$31,651 $2,417 $246,651 

Inflows include approximately $3.9 billion related to a wealth management acquisition. 

Year Ended December 31, 2022AUMBeginningBalanceInflowsOutflowsNetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$221,006 $23,495 $(39,319)$(15,824)$(30,438)$(7,349)$167,395 Fixed Income46,286 9,890 (10,488)(598)(688)(1,614)43,386 Other6,447 2,645 (3,138)(493)(418)(192)5,344 Total$273,739 $36,030 $(52,945)$(16,915)$(31,544)$(9,155)$216,125 

53

Average AUM