Lazard, Inc. (LAZ) reported its preliminary asset under management (AUM) balance of $245 billion for May 2024. This reflected a 1.7% increase from $240.8 billion as of Apr 30, 2024. The rise in AUM balance was driven by a market appreciation of $4.4 billion and foreign exchange appreciation of $1.4 billion. These were partially offset by net outflows of $1.6 billion. Over the past six months, shares of Lazard have gained 7.2% against the industry's decline of 1.5%. Image Source: Zacks Investment Research Th ...