Lazard, Inc. (LAZ) reported a preliminary asset under management (“AUM”) balance of $234.4 billion for November 2024, a 0.6% decrease from $235.8 billion as of Oct. 30, 2024.The downfall in AUM balance was due to net outflows of $2.3 billion and foreign exchange depreciation of $2.2 billion. The AUM was impacted favorably by the market appreciation of $3 billion.LAZ’s AUM BreakdownIn November, Lazard’s equity assets decreased 0.2% from the prior month’s level to $181.8 billion. Fixed-income assets decreased ...