Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 22

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 2
Chunk 22
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NetFlowsMarket 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 2,094 (2,400)(306)(409)(394)46,111 Other7,959 320 (492)(172)361 (15)8,133 Total$250,432 $8,963 $(15,562)$(6,599)$2,532 $(1,695)$244,670 

Six Months Ended June 30, 2024AUMBeginningBalanceInflows Outflows NetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$190,138 $10,576 $(23,155)$(12,579)$16,762 $(3,895)$190,426 Fixed Income48,107 3,876 (3,971)(95)(608)(1,293)46,111 Other8,406 595 (1,150)(555)349 (67)8,133 Total$246,651 $15,047 $(28,276)