Lazard Reports $284 Billion in AUM for September 2026
Lazard's preliminary assets under management hit $284 billion at month-end, weighed down by market and currency losses.
Lazard, Inc. disclosed Monday that its preliminary assets under management totaled approximately $284.0 billion as of September 30, 2026, reflecting headwinds from both equity markets and foreign exchange movements during the month.
The New York-based financial advisory and asset management firm said September AUM absorbed $3.2 billion in market depreciation alongside $2.1 billion in foreign exchange depreciation, signaling that currency fluctuations compounded broader market pressures on the portfolio's value.
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The dual drag from market performance and FX translation underscores the sensitivity of globally diversified asset managers to currency swings, particularly when international holdings represent a significant share of total AUM. For Lazard, which manages assets across multiple geographies and asset classes, dollar strength or weakness relative to major currencies can meaningfully shift reported figures even absent underlying outflows.
Lazard trades on the New York Stock Exchange under the ticker symbol LAZ. The company characterized the September figures as preliminary, suggesting final audited data could reflect minor revisions. Investors and analysts typically monitor monthly AUM disclosures closely as leading indicators of fee revenue trends heading into quarterly earnings reports.
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