Lazard's March AUM Drops to $259.2B After $20.4B Depreciation
Lazard's preliminary assets under management fell to $259.2 billion as of March 31, 2026, down from $277.7 billion at February-end. The decline reflected $16.1 billion of market depreciation and $4.3 billion of FX depreciation, partially offset by $1.8 billion of net inflows, with a Q1 average AUM of $265.5 billion.
1. AUM Total and Monthly Change
As of March 31, 2026, Lazard's preliminary AUM stood at $259.2 billion, down from $277.7 billion at February 28, reflecting an $18.6 billion decline in total assets under management over the month.
2. Depreciation and Inflows Breakdown
The March AUM decrease included $16.1 billion of market depreciation and $4.3 billion of foreign-exchange depreciation, partially offset by $1.8 billion of net client inflows; preliminary average AUM for the quarter reached $265.5 billion.