* Lazard reported preliminary AUM of **$284.7 billion** as of June 30, 2026, down from **$284.8 billion** at May 31, 2026. * June AUM reflected **$2.3 billion** of market appreciation, **$3.3 billion** of FX depreciation, net increase of **$0.8 billion**. * Net change included a **$1.0 billion** increase from acquiring a controlling interest in Elaia Partners, offset by **$0.2 billion** of net outflows. * Preliminary average AUM for the quarter ended June 30, 2026 totaled **$279.1 billion**; first-half 2026 net flows were **$7.4 billion**. * June 30 AUM mix: equity **$214.4 billion**, fixed income **$35.0 billion**, multi-asset **$24.5 billion**, alternatives **$10.8 billion**.
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