Lazard's November AUM Balance Declines Sequentially on Net Outflows
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Lazard Ltd. (LAZ) reported a decline in its assets under management (AUM) for November, with the total AUM standing at $234.4 billion. This decrease is attributed to net outflows.
December 11, 2024 | 4:30 pm
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Lazard Ltd. reported a decline in its assets under management (AUM) for November, with the total AUM standing at $234.4 billion. This decrease is attributed to net outflows.
The decline in AUM indicates potential challenges in attracting or retaining client investments, which could negatively impact Lazard's revenue and profitability in the short term. This news is highly relevant to investors as it directly affects the company's financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100