Lazard (NYSE:LAZ) reported a notable increase in its preliminary assets under management (AUM) for February 2026, reaching $277.7 billion.
The figure marks a 4% rise from the $266.95 billion reported at the end of January, driven primarily by favorable market conditions and continued investor interest in the firm’s equity and multi-asset strategies.
The monthly growth was underpinned by $8.9 billion in market appreciation and $4.2 billion in net inflows, reflecting strong performance across global capital markets.
These gains were partially offset by $0.8 billion in foreign exchange depreciation as the U.S. dollar strengthened against key international currencies.
Additionally, the firm saw a $1.5 billion reduction in AUM following the completed sale of its stake in the Edgewater Funds management vehicles, a move aligned with the "Lazard 2030" strategy to simplify operations and focus on core growth areas.
By asset class, Lazard's portfolio remains heavily weighted toward equities, which accounted for $207.09 billion of the total.
Fixed income assets stood at $36.47 billion, while the recently expanded multi-asset classification reached $25.46 billion.