Lazard (NYSE:LAZ) reported preliminary assets under management (AUM) of approximately $259.2 billion as of March 31, 2026.
The figure reflects a period where modest organic growth through net inflows was overshadowed by broader market volatility and currency devaluations.
Total AUM for the month was impacted by $16.1 billion in market depreciation and $4.3 billion in foreign exchange depreciation.
Despite these headwinds, the firm recorded net inflows of $1.8 billion, suggesting continued client demand for Lazard’s investment strategies amidst a challenging global economic backdrop.
The firm’s preliminary average AUM for the first quarter of 2026 stood at $265.5 billion, providing a baseline for the company’s management fee expectations for the period.
Meanwhile, Lazard’s asset management business remains heavily weighted toward equities, which accounted for $193 billion, or roughly 74% of the total portfolio as of quarter-end.
The remaining assets were distributed across fixed income ($34.4 billion), multi-asset solutions ($23.1 billion), and alternative investments ($8.6 billion).