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Lazard Reports November 2025 Assets Under Management

NEW YORK, December 10, 2025--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of November 30, 2025 totaled approximately $250.8 billion. The month’s AUM included net outflows of $18.0 billion, market appreciation of $1.1 billion, and FX depreciation of $0.1 billion. November outflows included $16.8 billion from the closure of one U.S. sub-advised relationship, which was expected in 2026 or later and reflects changing dynamics within the client’s mul

articleLazard, Inc.December 10, 2025/company/lazard-ltd/news/lazard-reports-november-2025-assets-114500416
Lazard Reports November 2025 Assets Under Management

About this update from Lazard, Inc.

NEW YORK, December 10, 2025--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of November 30, 2025 totaled approximately $250.8 billion. The month’s AUM included net outflows of $18.0 billion, market appreciation of $1.1 billion, and FX depreciation of $0.1 billion. November outflows included $16.8 billion from the closure of one U.S. sub-advised relationship, which was expected in 2026 or later and reflects changing dynamics within the client’s mul

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