Lazard Reports $284 Billion in AUM for September 2026
Lazard disclosed preliminary assets under management of $284 billion at month-end, weighed down by market and currency losses.
Lazard, Inc. reported preliminary assets under management of approximately $284.0 billion as of September 30, 2026, the New York-based financial advisory and asset management firm announced Monday.
The September figure reflected headwinds on two fronts: market depreciation of $3.2 billion and foreign-exchange depreciation of $2.1 billion during the month, underscoring the pressure that volatile equity markets and a shifting currency environment placed on the firm's managed portfolios.
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The dual drag from market and FX movement is a common challenge for global asset managers with internationally diversified books, where currency swings can erode returns even when underlying asset prices hold relatively steady. Lazard, which manages assets across equities, fixed income, and alternative strategies for institutional and private clients worldwide, is particularly exposed given its extensive non-U.S. footprint.
The disclosure is a routine monthly update that Lazard provides to give investors an early read on AUM trends ahead of formal quarterly earnings. Changes in AUM are closely watched as a leading indicator of management fee revenue, the primary driver of profitability for traditional asset managers.
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